Wolfspeed Reports Conditional $1.5 Billion Loan Commitment
MT newswire2026/10/07 21:4605:46 PM EDT, 10/07/2026 (MT Newswires) -- Wolfspeed (WOLF) said late Wednesday it has received a conditional 30-year loan commitment letter from the US Department of War, through its Office of Strategic Capital. The commitment is for up to $1.5 billion to support the domestic development and production of silicon carbide materials and wide bandgap power devices, the company said. The firm said it would be required to issue warrants to buy up to 7.5% of its fully diluted equity, with the warrants issuable pro rata as and when financing tranches are funded. The potential funding is subject to execution of definitive agreements. Shares were up over 22% in after-hours trading.
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