Edition:
India

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


Wednesday, 28 Mar 2018 

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. 

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