Wolfspeed receives conditional $1.5 billion loan commitment from U.S. Department of War

Wolfspeed (WOLF) said it received a conditional commitment letter from the U.S. Department of War for up to $1.5 billion in long-term financing. The 30-year loan would fund GaN epitaxy upgrades and radiation-hardening development. Warrants for up to 7.5% of diluted equity would be issued as tranches fund. The deal remains subject to due diligence and definitive agreements. 149 clean stories shaped this window, with sentiment bearish at 32/100. Also in focus: 10-Year Treasury Auction Yield at 5.300%, Highest Since 2000.