Wolfspeed宣布达成重组协议：削减70%债务，获得2.75亿美元新融资

Core Viewpoint - Wolfspeed has announced a restructuring plan to optimize its capital structure and accelerate profitability, aiming for a significant debt reduction and financial strengthening to maintain its leadership in the electrification market and achieve long-term growth [1][2]. Group 1: Restructuring Plan Details - The restructuring plan is a "pre-packaged restructuring" supported by major creditors, with an expected debt reduction of approximately 70%, equating to a decrease of about $4.6 billion in liabilities, which will lower annual cash interest expenses by around 60% [2][3]. - The company will receive $275 million in new financing in the form of second lien convertible notes, fully backed by some existing convertible bondholders [2]. - Existing equity holders will receive a proportional stake of 3% or 5% in the new company common stock, subject to dilution from other equity issuances and specific events [2]. Group 2: Financial and Operational Commitments - The plan includes a premium repayment of 109.875% on $250 million of senior secured notes and revisions to subsequent cash interest expenses and minimum liquidity requirements [3]. - During the bankruptcy restructuring, the company commits to maintaining normal operations and ensuring timely payments to suppliers for delivered goods and services, while also continuing employee compensation and benefits [3][4]. - As of the third quarter of fiscal 2025, the company is expected to have approximately $1.3 billion in cash reserves, providing strong support for operations during and after the restructuring [4]. Group 3: Leadership and Market Position - The CEO of Wolfspeed emphasized that the strategic capital structure optimization is the best choice after evaluating various options, positioning the company favorably for future growth [3][4]. - The company is recognized as a global leader in silicon carbide technology, with a fully automated 200mm dedicated production system, continuously providing cutting-edge products to customers [3][4].