• Chegg (NYSE:CHGG) shares were launched to a 3-month high on the company’s agreement to buy back $116.6M in senior notes in a private purchase agreement with certain noteholders.
• The 0% convertible senior notes due 2026 will be bought at an aggregate cash repurchase price of ~$96.2M, after which ~$127.9M principal amount of the notes will remain outstanding with another $207.5M available under the company’s security repurchase program.
• Shares are up 15% and trading above the 100-day moving average for the first time since February.

免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。