Apollo negotiating debt restructuring with Wolfspeed, WSJ reports

Apollo Global Management (APO) has engaged Moelis (MC) as it negotiates a possible debt restructuring with Wolfspeed (WOLF) Alicia McElhaney of Wall Street Journal reports, citing people familiar with the matter. Apollo is near the top of Wolfspeed’s $6.5B debt stack, according to the Journal. Wolfspeed said last week that it is considering restructuring its debt either out of court or through a bankruptcy filing, the paper adds.