Chegg 2014 Annual Report Download - page 93
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Table of Contents
55
for-sale securities as of December 31, 2014. Any realized gains or losses resulting from such interest rate changes would only
occur if we sold the investments prior to maturity. We were not exposed to material risks due to changes in market interest rates
given the liquidity of the cash and money market accounts and investments in which we invested our cash.
Interest rate risk also reflects our exposure to movements in interest rates associated with our revolving credit facility.
The interest bearing credit facility is denominated in U.S. dollars and the interest expense is based on the Federal Funds Rate,
Prime or LIBOR interest rate plus an additional margin. As of December 31, 2014, we did not have an outstanding balance on
this credit facility.