Mobile app version of munafa.top
Login or Join
 Learn then Earn
stockMarketNEWS

 story : Wolfspeed to offer .3 billion of convertible bonds due 2029; BorgWarner will invest 0 million #FinanceUSA #StockMarketNEWS Wolfspeed Inc. , a maker of silicon carbide and gallium nitride technologies

@stockMarketNEWS 14 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

Wolfspeed to offer .3 billion of convertible bonds due 2029; BorgWarner will invest 0 million #FinanceUSA #StockMarketNEWS
Wolfspeed Inc. , a maker of silicon carbide and gallium nitride technologies for use in power-switching devices, EVs, 5G and renewable energy among other applications, said Wednesday it is planning to offer .3 billion of convertible bonds that mature in 2029. Proceeds will be used to fund capped call transactions that aim to reduce dilution on conversion, as well as for general corporate purposes. The interest rate, initial conversion rate and other terms will be set upon pricing. Separately, Wolfspeed said BorgWarner Inc. agreed to invest 0 million in its financing program in exchange for a silicon carbide device capacity corridor. BorgWarner will be entitled to buy up to 0 million of devices annually as its requirements increase. Shares of Wolfspeed are down 6.7% in premarket trades. The stock has fallen 16% in the year to date, matching the S&P 500's decline. BorgWarner shares are down 0.7% in premarket trades.


Munafa USA Munafa India Munafa NSE


Report

Login to follow story

More posts by @stockMarketNEWS

Munafa ebook, learn stock market trading

0 Comments

Sorted by latest first Latest Oldest Best

Daily analysis, news, Munafa stocks list in email:

Back to top | Use Dark Theme