Chegg: Entry Into A Material Definitive Agreement
The following excerpt is from the company's SEC filing
On June 30, 2014, Chegg, Inc.
(Chegg) entered into the First Amendment to Credit Agreement with Bank of America, N.A. (BofA) and the domestic subsidiaries of Chegg (First Amendment). The First Amendment amends the Credit Agreement, dated as of
August 12, 2013 (Credit Agreement), by and among Chegg, the domestic subsidiaries of Chegg, and BofA, to, among other things, reduce the revolving credit facility from an aggregate principal amount of $50,000,000 to $40,000,000,
lower the related commitment fees, and make certain other favorable changes to the financial covenants.
Pursuant to the requirements
of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.
The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.
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