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Wolfspeed Files For Chapter 11 Bankruptcy

Wolfspeed files for Chapter 11 bankruptcy in move to cut $6.7 billion debt by 70%

Wolfspeed filed for Chapter 11 bankruptcy Monday, June 30, a step in a previously-announced restructuring plan to reduce the company’s $6.7 billion in debt by 70%.

The News & Observer on MSN · 3d

Wolfspeed files for bankruptcy in effort to turn around NC chipmaker

The 38-year-old Durham semiconductor supplier Wolfspeed filed for Chapter 11 bankruptcy Monday in Texas court, officially entering a reorganization effort the company says will enable it to eliminate billions in debt.

Yahoo Finance · 3d

Wolfspeed Shares Jump on Bold Chapter?11 Debt-Cut Strategy

Under the plan, Wolfspeed expects to emerge from bankruptcy by the end of the third quarter, subject to court approval and creditor support. Creditors representing a majority of i

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Why Wolfspeed (WOLF) Stock Is Extremely Volatile Today

Wolfspeed shares are surging on Thursday. The company announced on Monday that it has initiated a pre-packaged Chapter 11 ...

Wolfspeed - A Painful Restructuring, But Fighting To Live Another Day

Wolfspeed restructures under Chapter 11, cutting debt by 70%, but equity holders face major dilution. Click here to read an ...

Wolfspeed Takes Next Step to Implement Restructuring Support Agreement and Proactively Strengthen Capital Structure

Wolfspeed, Inc. (NYSE: WOLF), a global leader in silicon carbide technologies, today announced that it has taken the next step to implement its previously announced Restructuring Support Agreement ...

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