debt
confidence high
sentiment neutral
materiality 0.50
Chegg repays $358.9M upon maturity of 0.125% convertible notes due 2025
CHEGG, INC
- Chegg made a $358.9M payment for its 0.125% convertible senior notes that matured March 15, 2025.
- No principal amount of the 2025 notes remains outstanding after maturity.
- Notes carried a 0.125% coupon; repayment eliminates future interest obligation on this debt.