Wolfspeed Semiconductor Shifts Debt Talks to Apollo, Engages Moelis; Stock Rises Amid Bankruptcy Avoidance Efforts

Wolfspeed Inc., a semiconductor supplier, has shifted its debt restructuring discussions primarily to Apollo Global Management and other creditors, with the possibility of exploring options both in and out of court. Apollo has engaged investment bank Moelis & Company to assist in the potential debt restructuring process. Following these developments, Wolfspeed's stock price has risen as creditors evaluate a new debt plan, offering the company an opportunity to avoid bankruptcy amid financial challenges.