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United Kingdom

Chegg To Offer $500.0 Million Of Convertible Senior Notes Due 2025


Wednesday, 20 Mar 2019 

Chegg Inc ::CHEGG TO OFFER $500.0 MILLION OF CONVERTIBLE SENIOR NOTES DUE 2025.CHEGG INC - NOTES WILL MATURE ON MARCH 15, 2025, UNLESS REPURCHASED, REDEEMED OR CONVERTED IN ACCORDANCE WITH THEIR TERMS PRIOR TO SUCH DATE.CHEGG INC - INTENDS TO GRANT TO INITIAL PURCHASERS OF NOTES AN OPTION TO PURCHASE UP TO AN ADDITIONAL $75.0 MILLION AGGREGATE PRINCIPAL AMOUNT OF NOTES.CHEGG - EXPECTS TO USE A PORTION OF PROCEEDS FROM OFFERING TO PAY COST OF CAPPED CALL TRANSACTIONS DESCRIBED BELOW TO MANAGE POTENTIAL DILUTION. 

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