Ropes & Gray Advises Holders of $2.4 Billion of Convertible Notes as Wolfspeed Successfully Emerges from Chapter 11

Ropes & Gray is serving as legal counsel to holders of $2.4 billion of convertible notes issued by Wolfspeed, Inc., a global leader in silicon carbide technologies, in connection with Wolfspeed’s emergence from chapter 11. On September 29, 2025, Wolfspeed announced that it has successfully emerged from chapter 11 and completed its financial restructuring process, reducing its debt by approximately 70 percent and better positioning the Company in the silicon carbide market. Convertible noteholders will take majority ownership of the equity and have backstopped new capital in the form of $275 million of new second lien convertible notes.

The Ropes & Gray team includes business restructuring partner Matt Roose, finance partners Sam Badawi, Nitin Konchady and Jen Harris, tax partners Amanda Holt, Scott Pinarchick and Benjamin Rogers, M&A partner David Harris, employment, executive compensation and employee benefits partners Jennifer Rikoski Whitney and Matt Jones, and litigation & enforcement partners Brendan Hanifin and Lisa Kaltenbrunner.