Liveperson strengthens capital structure

Enters into agreement to exchange $146 million of its outstanding 2026 convertible senior notes for $100 million of 2029 convertible senior secured notes receives commitment for $100 million of new capital in the form of 2029 convertible senior secured notes to facilitate further deleveraging new york , may 13, 2024 /prnewswire/ -- liveperson, inc . (nasdaq: lpsn) ("liveperson" the "company", "we" or "us"), the enterprise leader in digital customer conversations, today announced that its largest existing notes investor, lynrock lake master fund lp ("lynrock"), has entered into a binding agreement to exchange (the "exchange") its existing approximately $146 million principal amount of senior convertible notes due 2026 for $100 million of new senior secured convertible notes due 2029 (the "new notes").
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