Chegg repurchases $116.6M of 0% convertible notes due 2026 at 17.5% discount

CHEGG, INC

Repurchased ~$116.6M aggregate principal for ~$96.2M cash ($82.5 per $100 face).
Transactions close on December 3, 2024, subject to customary conditions.
After close, ~$127.9M of the 2026 notes will remain outstanding.
$207.5M remains available under the previously announced securities repurchase program.

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