Ropes & Gray Advises Holders of $2.4 Billion of Convertible Notes as Wolfspeed’s Chapter 11 Plan is Confirmed

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 prepackaged chapter 11 cases. On September 8, 2025, Wolfspeed announced that its Plan of Reorganization was confirmed by the Court, positioning the Company to emerge from chapter 11 in the coming weeks. Upon emergence Wolfspeed expects to reduce its debt by approximately 70%, better positioning the Company to execute on strategic priorities. 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.