---
schema_version: "secwatch.filing_event.v1"
accession: "0001102993-24-000092"
form_type: "8-K"
ticker: "LPSN"
cik: "0001102993"
company_name: "LIVEPERSON INC"
filed_at: "2024-06-04T23:59:59+00:00"
generated_at: "2026-06-01T06:27:41.742684+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# LivePerson completes $150M debt exchange with Lynrock, issues secured notes and warrants

## Summary
- Exchanged $145.957M of 0% 2026 notes for $100M of new First Lien Convertible Notes due 2029 plus $50M in new cash.
- Interest rate starts at 10.83% (4.17% cash, 6.66% PIK) and increases to 13% after Dec 2026.
- Issued 10-year warrants with $0.75 strike price for ~11% of common stock (8.9% share-settled, 2.1% cash-settled).
- Indenture requires minimum cash balance of $60M and prohibits cash dividends on common stock.
- Noteholder gets governance rights if owning at least $50M notes or 4.99% of common stock.

## SEC filing metadata
- accession: 0001102993-24-000092
- form_type: 8-K
- ticker: LPSN
- cik: 0001102993
- company_name: LIVEPERSON INC
- filed_at: 2024-06-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 3.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1102993/000110299324000092/0001102993-24-000092-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1102993/000110299324000092/lpsn-20240603.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001102993-24-000092
- JSON: https://secwatch.observer/filing/0001102993-24-000092.json
- Plain text: https://secwatch.observer/filing/0001102993-24-000092.txt

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