Chegg exchanges $169.7M of 0% convertible notes due 2026 for $135.8M cash

CHEGG, INC

Exchanged $169.7M aggregate principal of 0% Convertible Senior Notes due 2026 for cash repurchase price of approximately $135.8M.
Exchange expected to close August 31, 2023, subject to customary closing conditions.
After closing, approximately $244.5M of the 2026 Notes will remain outstanding and $153.7M remains under the securities repurchase program.

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