WOLF - Wolfspeed secures $650M capital raise via debt offering
Wolfspeed (NYSE:WOLF) has priced an upsized offering of $650M of its 0.25% Convertible Senior Notes due 2028 in a private offering (from $500M). Initial purchasers are granted n option to purchase up to an additional $100M of the Notes. The initial conversion rate is 7.8602 common shares per $1,000 principal amount of Notes (~$127.22/share). Net proceeds will be used to fund the cost of entering into the capped call transactions, for general corporate purposes. Closing date is February 3, 2022. Previously (Jan. 31): Wolfspeed to raise $500M in convertible senior notes offering
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Wolfspeed secures $650M capital raise via debt offering