A group of investors led by Apollo Global Management (APO) is making a more than $1B debt investment in Wolfspeed (WOLF), a publicly traded semiconductor maker with a $6B market capitalization, The Information’s Maria Heeter reports, citing a person familiar with the matter. The deal could be announced in the coming days and would be one of the largest direct lending deals of the year that doesn’t involve a takeover, the author notes.
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