Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
LIVEPERSON INC incurred senior notes of up to $100,000,000 in aggregate principal amount with Lynrock Lake Master Fund LP at 10.83% (consisting of 4.17% cash and 6.66% paid in kind) per annum maturing the earlier of (a) June 15, 2029, and (b) 91 days before the maturity of the 2026 Notes.
- Instrument
- senior notes
- Principal
- up to $100,000,000 in aggregate principal amount
- Counterparty
- Lynrock Lake Master Fund LP
- Rate
- 10.83% (consisting of 4.17% cash and 6.66% paid in kind) per annum
- Maturity
- the earlier of (a) June 15, 2029, and (b) 91 days before the maturity of the 2026 Notes
- Event
- incurrence
Exact text from the filing
principal amount of the Company’s outstanding 0% Convertible Senior Notes due December 15, 2026 (the “2026 Notes”) currently held by Lynrock (the “Existing Lynrock Notes”) for $100,000,000 aggregate principal amount of Senior Secured Convertible Notes due 2029 (the “New Notes”), (ii) a private offering and sale of up to $100,000,000 in aggregate principal amount of
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
LIVEPERSON INC entered into Exchange and Purchase Agreement with Lynrock Lake Master Fund LP valued at $145,957,000 aggregate principal amount of the Company’s outstanding 0% Convertible Senior Notes due (effective 2024-05-13).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Lynrock Lake Master Fund LP
- Value
- $145,957,000 aggregate principal amount of the Company’s outstanding 0% Convertible Senior Notes due
- Effective
- 2024-05-13
Exact text from the filing
On May 13, 2024, LivePerson, Inc. (the “Company”) entered into a privately negotiated exchange and purchase agreement (the “Exchange and Purchase Agreement”) with Lynrock Lake Master Fund LP (“Lynrock”) relating to (i) the exchange (the “Exchange”) of $145,957,000 aggregate principal amount of the Company’s outstanding 0% Convertible Senior Notes due December 15, 2026 (the “2026 Notes”) currently held by Lynrock (the “Existing Lynrock Notes”) for $100,000,000 aggregate principal amount of Senior Secured Convertible Notes due 2029 (the “New Notes”), (ii) a private offering and sale of up to $100,000,000 in aggregate principal amount of the New Notes to Lynrock for an aggregate subscription price of up to $100,000,000, of which Lynrock intends to purchase $50,000,000 principal amount of New Notes for an aggregate cash purchase price equal to the aggregate principal amount of the New Notes so purchased simultaneously with the Exchange (the “Initial Draw Notes”), and, upon the Company’s re
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