Chegg Announces Full Repayment of Convertible Notes
Chegg has fully repaid the $33.9 million aggregate principal amount of its 0% convertible senior notes due 2026, resulting in a debt-free balance sheet. CFO David Longo highlighted the repayment as a major milestone that reflects the company's strengthened financial position and cost reduction efforts.
Key figures
- Deal Value Usd
- 33900000
- Note coupon
- 0%
- Pro forma cash
- $38 million
- Remaining debt
- $0
- Cash balance june 30
- $72 million
AI analysis
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