Wolfspeed Announces $1.25B Secured Note Financing From Investment Group Led By Apollo With Accordion Feature For Up To Additional $750M
Portfolio Pulse from Bill Haddad
Wolfspeed has secured $1.25 billion in note financing from an investment group led by Apollo, with an accordion feature allowing for up to an additional $750 million.
June 26, 2023 | 12:14 pm
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Wolfspeed secures $1.25B in financing from Apollo-led investment group, potentially boosting its financial position and growth prospects.
The secured financing will provide Wolfspeed with significant capital to invest in growth initiatives and improve its financial position. The additional $750 million accordion feature offers further flexibility, which could positively impact the company's stock price in the short term.
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