Wolfspeed Inc of Durham, NC, USA – which makes silicon carbide materials as well as silicon carbide (SiC) and gallium nitride (GaN) power-switching & RF semiconductor devices – is offering, subject to market conditions and other factors, $1300m of its convertible senior notes due 2029 in a private offering to persons reasonably believed to be qualified institutional buyers (pursuant to Rule 144A under the Securities Act of 1933, as amended). In addition, Wolfspeed expects to grant the initial purchasers an option to purchase (for settlement within a 13-day period from, and including, the date on which the notes are first issued) up to an additional $200m of the notes...
Source: https://www.semiconductor-today.com/new ... 1122.shtml