debt
confidence high
sentiment positive
materiality 0.55
Chegg repurchases additional $8.6M of 2026 convertible notes; total $65.2M
CHEGG, INC
- Repurchased $8.6M principal of 0% Convertible Senior Notes due 2026 for $7.6M cash.
- Combined with prior repurchases, total $65.2M principal repurchased for $57.4M cash.
- Repurchases expected to close March 7, 2025.
- After close, $62.7M principal of 2026 Notes remains outstanding.
- $150.1M remains available under the securities repurchase program.