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Business
Jeffrey Neal Johnson

Enlisting Capital: Wolfspeed's Defense Deal

Wolfspeed Department of Defense

Wolfspeed, Inc. (NYSE: WOLF) recently secured a conditional commitment from the Department of Defense for up to $1.5 billion in 30-year financing. Shares jumped initially as investors digested the headline number, but the deal's mechanics warrant a closer look.

Wolfspeed emerged from a restructuring phase just last year and currently operates with negative margins.

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