Chegg, Inc. announced on March 26, 2025, that its 0.125% Convertible Senior Notes due in 2025 matured on March 15, 2025. The company made a payment of $358.9 million to cover the aggregate principal amount.
Following this maturity, no principal amount of the 2025 Notes remained outstanding. This action completes a significant debt obligation for the company.
The repayment demonstrates Chegg's management of its capital structure. It ensures that this specific tranche of convertible debt has been fully settled.
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