NYSE:WOLFSemiconductor
Why Wolfspeed (WOLF) Is Up 41.1% After Court-Approved Debt Restructuring and Emergence from Bankruptcy
Earlier this week, Wolfspeed received court approval for its Plan of Reorganization, paving the way for the company's emergence from Chapter 11 bankruptcy protection and a planned reduction of approximately 70% of its debt.
This restructuring is expected to significantly decrease annual cash interest payments, enhancing Wolfspeed's ability to focus on innovation and growth in silicon carbide technologies.
Now, we'll explore how reducing the company's debt burden and restructuring impacts...