Liveperson announces deleveraging transaction

Enters into agreement to exchange $341.1 million of its outstanding 2026 convertible senior notes for $45.0 million in cash, $115.0 million of 2029 senior subordinated secured notes and common and preferred equity new york , aug. 11, 2025 /prnewswire/ -- liveperson, inc. (nasdaq: lpsn) ("liveperson," the "company," "we" or "us"), a leading provider of trusted enterprise conversational ai and outcome-driven digital transformation, today announced that holders of an aggregate $341.1 million principal amount of the company's convertible senior notes due 2026 (the "noteholders" and such notes, the "2026 notes"), have entered into a binding agreement to exchange (the "exchange") their 2026 notes for a mix of consideration, consisting of (i) $45.0 million of cash, (ii) $115.0 million of 10.0% senior subordinated secured notes due 2029 (the "new secured notes"), (iii) shares of series b fixed rate convertible perpetual preferred stock ("series b preferred stock") and (iv) shares of the company's common stock (the "common equity shares," together with the new secured notes and the series b preferred stock, the "new securities") in an amount which, together with the number of shares into which the series b preferred stock is convertible, will equal 39.0% of the company's fully diluted common stock outstanding following the closing of the exchange (the "aggregate equity amount").  "today's transaction represents the successful culmination of our multi-year strategy to deleverage the balance sheet," said john collins, cfo and coo.
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