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Benzinga

Business

Adam Eckert

Wolfspeed Stock Continues To Climb: What's Going On?

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Wolfspeed Inc (NYSE:WOLF) shares are trading higher on Tuesday after the company announced that it successfully completed its financial restructuring.

What To Know: Wolfspeed said it emerged from Chapter 11 bankruptcy protection with approximately 70% less debt, maturities extended to 2030 and a 60% lower annual cash interest expense.

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