March 28, 2018 / 11:27 AM / a month ago

BRIEF-Chegg To Offer $250 Mln Of Convertible Senior Notes Due 2023

March 28 (Reuters) - Chegg Inc:

* CHEGG TO OFFER $250.0 MILLION OF CONVERTIBLE SENIOR NOTES DUE 2023

* CHEGG INC - PROPOSES TO OFFER $250.0 MILLION OF CONVERTIBLE SENIOR NOTES DUE 2023​

* CHEGG INC - EXPECTS TO USE PROCEEDS FROM OFFERING OF NOTES TO PAY COST OF CAPPED CALL TRANSACTIONS TO MANAGE POTENTIAL DILUTION

* CHEGG INC - ALSO EXPECTS TO USE UP TO ABOUT $20 MILLION OF PROCEEDS FROM OFFERING TO REPURCHASE SHARES OF COMMON STOCK CONCURRENTLY Source text for Eikon: Further company coverage:

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