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Wolfspeed secures conditional $1.5B, 30-year DOE loan commitment to fund SiC and GaN onshoring
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Wolfspeed received a conditional commitment for a senior secured delayed-draw facility of up to $1.5 billion to advance domestic SiC and GaN production. Key Highlights: Conditional Commitment Letter with U.S. Department of War for up to $1.5B senior secured delayed-draw term loan, 30-year maturity. Facility structured in up to four tranches (initial $600M, remaining $900M); 36-month commitment period to draw tranches. Proceeds expected to refinance first‑lien notes due…