Chegg CEO Dan Rosensweig. Photo credit: Stuart Isett/Fortune, under Creative Commons license

Chegg, the online education company, has announced that it intends to issue $750 million worth of bonds that’ll be due by 2026, with investment bank Morgan Stanley acting as the sole book-runner for the proposed offering. Chegg isn’t new to issuing bonds, with the company having sold $700 million in bonds in last year alone.

The proceeds of the intended bond sale will be partly used to redeem up to $173 million worth of previous bonds that Chegg had issued and as well for corporate and business purposes.