LivePerson Strengthens Capital Structure with $146M Exchange and $100M New Senior Secured Convertible Notes

May 13, 2024•over 1 year ago

Amount Raised

$100 Million

New YorkSoftware

Investors

Lynrock Lake Master Fund Lp

Description

LivePerson, Inc. enters into an agreement to exchange $146 million of its outstanding 2026 Convertible Senior Notes for $100 million of 2029 Convertible Senior Secured Notes. Additionally, the company has received a commitment for $100 million of new capital in the form of 2029 Convertible Senior Secured Notes to facilitate further deleveraging.

Company Information

Company

LivePerson

Location

New York, New York, United States

About

LivePerson, Inc. is the enterprise leader in digital customer conversations. The company's award-winning Conversational Cloud platform is used by leading brands such as HSBC, Chipotle, and Virgin Media to connect with millions of consumers and provide uniquely rich data set and safety tools to unlock the power of Conversational AI for better business outcomes.

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