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CoolingHardware

Wolfspeed gets a conditional $1.5B Pentagon loan commitment, with warrants for up to 7.5%

Wolfspeed says the Department of War's Office of Strategic Capital issued a conditional commitment letter for up to $1.5B, a 30-year senior secured delayed-draw term loan. In return Wolfspeed would issue warrants for up to 7.5% of fully diluted equity as tranches fund. The deal is subject to diligence, definitive agreements and approvals, with no assurance it closes.

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