Chegg repurchases $56.6M of 0% convertible notes due 2026 for $49.8M cash

CHEGG, INC

Repurchased $56.6M aggregate principal of 2026 0% convertible notes for ~$49.8M cash, an ~12% discount to par.
Transaction expected to close March 7, 2025, subject to customary conditions.
After close, $71.4M of 2026 notes remain outstanding; $157.7M remains under securities repurchase program.
Repurchases were negotiated individually with holders under the existing repurchase program.

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