{"schema_version":"secwatch.filing_event.v1","accession":"0001102993-25-000154","form_type":"8-K","ticker":"LPSN","cik":"0001102993","company_name":"LIVEPERSON INC","filed_at":"2025-09-15T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.347697+00:00","generated_at":"2026-05-17T06:36:00.226623+00:00","sec_items":["1.01","2.03","3.02","3.03","5.02","5.03","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"LivePerson closes $341.1M debt-to-equity refinancing; CAO departs; targets cash flow positive in 2026","bullets":["Exchanged $341.1M of 2026 convertible notes for $45M cash, $115M new 10% secured notes due 2029, 53.3M common shares, and 26,551 Series B preferred shares.","Net deleverage of ~$226M; $181M debt discount captured directly accretive to equity holders.","Series B preferred carries 15% dividend, convertible into ~874.5 common shares per share subject to Oct 2, 2025 charter amendment vote.","CAO Jeffrey Ford to depart after Q3 2025; CFO John Collins will assume principal accounting officer duties."],"urls":{"canonical":"https://secwatch.observer/filing/0001102993-25-000154","json":"https://secwatch.observer/filing/0001102993-25-000154.json","markdown":"https://secwatch.observer/filing/0001102993-25-000154.md","text":"https://secwatch.observer/filing/0001102993-25-000154.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1102993/000110299325000154/0001102993-25-000154-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1102993/000110299325000154/lpsn-20250910.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T06:36:00.226623+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"43a822fda0c4984d45bd7d8c911653df50b7cf57","claim":"LIVEPERSON INC incurred senior notes of $115.0 million with U.S. Bank Trust Company, National Association, as trustee at 10.0% per annum maturing December 15, 2029.","evidence_excerpt":"$115.0 million in aggregate principal amount of the Company’s 10.0% Second Lien Senior Subordinated Secured Notes due 2029","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1102993/000110299325000154/0001102993-25-000154-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$115.0 million"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association, as trustee"},{"label":"Rate","value":"10.0% per annum"},{"label":"Maturity","value":"December 15, 2029"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}