---
schema_version: "secwatch.filing_event.v1"
accession: "0001102993-24-000082"
form_type: "8-K"
ticker: "LPSN"
cik: "0001102993"
company_name: "LIVEPERSON INC"
filed_at: "2024-05-13T23:59:59+00:00"
generated_at: "2026-06-02T01:54:00.300363+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# LivePerson exchanges $146M 2026 notes for $100M new notes, gets $100M new capital commitment from Lynrock

## Summary
- Exchange of $145.96M 2026 convertible notes for $100M new 2029 senior secured notes reduces debt by ~$46M.
- Lynrock commits $100M new capital: $50M at closing plus $50M delayed draw within six months.
- Warrants issued for ~11% of fully diluted shares at $0.75 strike, 10-year term.
- New notes carry 10.83% interest (cash+PIK), stepping up to 13% after Dec 2026; secured by substantially all assets.
- Financial covenant requires minimum $60M cash; Lynrock gets board observer rights.

## SEC filing metadata
- accession: 0001102993-24-000082
- form_type: 8-K
- ticker: LPSN
- cik: 0001102993
- company_name: LIVEPERSON INC
- filed_at: 2024-05-13T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1102993/000110299324000082/0001102993-24-000082-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1102993/000110299324000082/lpsn-20240513.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001102993-24-000082
- JSON: https://secwatch.observer/filing/0001102993-24-000082.json
- Plain text: https://secwatch.observer/filing/0001102993-24-000082.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1102993/000110299324000082/0001102993-24-000082-index.htm
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1102993/000110299324000082/0001102993-24-000082-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.