Chegg repays $33.9M convertible notes, now debt-free

CHEGG, INC

Repaid remaining $33.9M of 0% convertible senior notes due Sept 1, 2026, fully retiring them.
Chegg now has no outstanding debt; CFO cites cost cuts and improved cash flow.
As of June 30, 2026, cash and investments were $72M; pro forma after repayment ~$38M.
Repayment at maturity eliminates all debt, enhancing financial flexibility.

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