A group of lenders led by Apollo Global Management Inc (NYSE: APO) provides up to $2 billion to Wolfspeed Inc (NYSE: WOLF) to support the latter's expansion in the U.S. The financing makes $1.25 billion of cash immediately available to the company, with another $750 million for future drawing, Bloomberg cites familiar sources. Also Read: Wolfspeed Likely To Divulge Germany EV Plant Details Worth €2B To Bail Out Carmakers From Chip Crisis Apollo structured the financing as seven-year secured note