LIVEPERSON INC (LPSN): debt financing — LivePerson exchanges $341.1M 2026 notes for $45M cash, $115M 10% notes due 2029, and 39% equity stake

LIVEPERSON INC

Exchange of $341.1M of 0% convertible notes with $45M cash, $115M of 10% secured notes due Dec 2029, and common/preferred equity totaling 39% of fully diluted shares.
New 10% second-lien secured notes mature Dec 2029; interest is PIK until Mar 2027, then cash/PIK option. Preferred stock bears 15% dividend, rising to 20% after one year.
Series B Preferred Stock convertible to common if shareholders approve charter amendment increase; if not, preferred remains outstanding.
Bylaws amended to lower quorum for special meetings from 50% to 33.33% of outstanding voting stock.
Company projects total liquidity of $92M-$130M for each fiscal year ending Dec 31, 2025-2029, excluding effects of the exchange.

item 1.01 item 2.03 item 3.02 item 5.03 item 7.01 item 8.01 item 9.01

Key facts

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 $115.0 million of aggregate principal amount with holders of the Company’s outstanding 0% Convertible Senior Notes due 2026 at 10.0% per annum, payable in-kind prior to March 15, 2027 maturing December 15, 2029.

Instrument: senior notes
Principal: $115.0 million of aggregate principal amount
Counterparty: holders of the Company’s outstanding 0% Convertible Senior Notes due 2026
Rate: 10.0% per annum, payable in-kind prior to March 15, 2027
Maturity: December 15, 2029
Event: incurrence

Exact text from the filing

On August 11, 2025, LivePerson, Inc. (the " Company ") entered into a privately negotiated exchange agreement (the " Exchange Agreement ") with holders (the " Noteholders ") of approximately $341.1 million aggregate principal amount the Company’s outstanding 0% Convertible Senior Notes due 2026 (the " 2026 Notes ") relating to the exchange (the " Exchange ") of such 2026 Notes held by the Noteholders for (i) an aggregate payment of $45.0 million in cash, (ii) $115.0 million of aggregate principal amount of the Company’s 10.0% Second Lien Senior Subordinated Secured Notes due 2029 (the " New Secured Notes ")

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

LIVEPERSON INC: Reduced quorum required for special meetings of stockholders from 50% to 33 1/3% of outstanding stock (effective 2025-08-08).

Change: bylaw amendment
Effective: 2025-08-08

Exact text from the filing

On August 8, 2025, the board of directors of the Company adopted the Fourth Amended and Restated Bylaws of the Company (the “ Fourth A&R Bylaws ”). Pursuant to the Fourth A&R Bylaws, the quorum required for the transaction of business at any special meeting of stockholders has been reduced from holders of 50% of the stock issued and outstanding and entitled to vote thereat to holders of 33 1/3% of the stock issued and outstanding and entitled to vote thereat.

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309 debt financings filed in the last 30 days. Browse all debt financings →

LIVEPERSON INC filing history →

Source: SEC EDGAR

accession 0001193125-25-177962

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