CHEGG, INC. repaid the remaining $33.9 million principal on its 0% convertible senior notes at maturity, fully retiring the notes and leaving no outstanding debt. For investors, the company said the debt-free Balance Sheet and stronger cash-flow position provide financial flexibility to execute its strategy and pursue long-term Shareholder value.

Key Highlights

  • The 0% convertible senior notes reached Maturity on September 1, 2026.
  • Chief Financial Officer David Longo said cost reductions and improved Cash Flow strengthened Chegg’s financial position.
  • Chegg repaid the remaining $33.9 million of its convertible notes at maturity.

CHEGG, INC. (NYSE: CHGG) repaid the remaining $33.9 million of its convertible notes at maturity, removing the final outstanding Debt from its balance sheet. The transaction completed the retirement of the notes on September 1, 2026. The repayment leaves Chegg with no outstanding debt. The company said its financial position now includes no remaining obligations under the 0% convertible senior notes.

$33.9M Note Maturity Completed

With the maturity payment, the 2026 Notes were fully retired. After accounting for the repayment, those holdings would have been approximately $38 million on a pro forma basis.

Debt-Free Balance Sheet Supports Strategy

He described the debt-free balance sheet and stronger financial foundation as giving the company financial flexibility to execute its strategy and create long-term value for shareholders.