Chegg (CHGG) Announces Repurchase of 0% Convertible Senior Notes Due 2026
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Chegg Announces Repurchase of 0% Convertible Senior Notes Due 2026
November 25, 2024 9:05 AM ESTSANTA CLARA, Calif.--(BUSINESS WIRE)-- Chegg, Inc. (NYSE: CHGG), a leading student-first connected learning platform, today announced that it has entered into individual, privately negotiated repurchase agreements with certain holders of its outstanding 0% Convertible Senior Notes due 2026 (the Notes) to repurchase approximately $116.6 million in aggregate principal amount of the Notes for an aggregate cash repurchase price of approximately $96.2 million (the note repurchase transactions). The note repurchase transactions were entered into in connection with Cheggs previously announced securities repurchase program and are expected to close on December 3, 2024, subject to the satisfaction of customary closing... More
