Chegg, Inc. Retires 2026 Convertible Notes, Now Debt-Free

What Happened Chegg, Inc. announced on September 1, 2026 (via an 8-K, Item 8.01) that it repaid at maturity the remaining $33.9 million aggregate principal amount of its 0% convertible senior notes due September 1, 2026. With this repayment, the 2026 Notes have been fully retired and Chegg reports it has no outstanding debt. A press release dated September 1, 2026 was attached as Exhibit 99.01 to the filing.

Key Details

• Repayment date: September 1, 2026 (maturity date).
• Amount repaid: $33.9 million aggregate principal of 0% convertible senior notes.
• Instrument: 0% convertible senior notes due 2026 (the "2026 Notes").
• Post-repayment status: Chegg states it has no outstanding debt.
• Filing: Current Report on Form 8-K (Item 8.01); signed by David Longo, Chief Financial Officer and Corporate Secretary.

Why It Matters This action removes the remaining convertible note liability from Chegg’s balance sheet and leaves the company without outstanding debt, which can improve reported leverage metrics and eliminate future interest or conversion-related obligations tied to these notes. For investors, the filing is a clear, verifiable update on Chegg’s capital structure and short-term financial obligations.