debt
confidence high
sentiment neutral
materiality 0.50
LivePerson completes $50M delayed draw note sale to Lynrock Lake
LIVEPERSON INC
- Issued $50M aggregate principal of First Lien Convertible Senior Notes due 2029 to Lynrock Lake Master Fund LP.
- Sale consummated on Dec 4, 2024 under previously disclosed delayed draw commitment.
- Notes are unregistered, sold in private placement under Section 4(a)(2) of Securities Act.
- Indenture dated June 3, 2024 governs the notes; proceeds not specified.
- Workforce reduced to 3 part-time employees as part of restructuring.