Wolfspeed Reaches Restructuring Accord with Creditors, Eyes Chapter 11 Bankruptcy Filing in the US
1 week ago / Read about 0 minute
Author:小编   

The American chipmaker Wolfspeed has inked a restructuring accord with its creditors, intending to file a voluntary Chapter 11 bankruptcy petition under the US Bankruptcy Code. This process, anticipated to conclude by the end of the third quarter, aims to alleviate approximately $4.6 billion in debt and secure $275 million in fresh financing.