Chegg, Inc. (NYSE:CHGG) Files An 8-K Other Events
Item 8.01 Other Events
On March 22, 2019, Chegg, Inc. (“Chegg”) announced the pricing of $700.0 million aggregate principal amount of 0.125% Convertible Senior Notes due 2025 in a private placement (the “Notes”). Chegg also granted the initial purchasers of the Notes an option to purchase up to an additional $100.0 million aggregate principal amount of Notes.
The Notes will be sold to qualified institutional buyers to Rule 144A under the Securities Act of 1933, as amended.
A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
CHEGG, INC Exhibit
EX-99..1 2 exhibit991pricing8k.htm EXHIBIT 99..1 Exhibit Exhibit 99.1Chegg Prices Upsized Offering of $700.0 Million of 0.125% Convertible Senior Notes Due 2025SANTA CLARA,…
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About Chegg, Inc. (NYSE:CHGG)
Chegg, Inc. is a student-first connected learning platform. The Company helps students study for college admission exams, find the colleges, get grades and test scores while in school, and find internships that allow them to gain skills to help them enter the workforce after college. It matches domestic and international students with colleges, universities and other academic institutions (collectively referred to as colleges) in the United States. Once in college, it provides a range of products and services to help students. The Company offers a print textbook library for rent and sale both on its own and through its strategic partnership with Ingram. It also offers eTextbooks for rent and sale. It also provides live tutors to students online, through its Chegg Tutors service. It provides access to internships to help students gain skills that are critical to securing their first job. The Company also provides online writing tools, such as EasyBib, CitationMachine or BibMe.
