US EditionLivePerson Announces Deleveraging Transaction
- LivePerson announced a binding agreement with holders of $341.1 million of its 2026 Notes to exchange them for a mix of cash and securities, which includes $45.0 million in cash and new secured notes.
- The exchange will allow LivePerson to deleverage its balance sheet by $226 million and captures $181 million of debt discount that benefits shareholders.
- Completion of the exchange is expected by the end of September, subject to customary closing conditions.
- The New Secured Notes will be guaranteed by some subsidiaries and secured by a second-priority lien on nearly all assets of LivePerson, accruing interest at 10.0% per annum.
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49 Articles
Buffalo News+47 Reposted by 47 other sources
LivePerson Announces Deleveraging Transaction
Enters into agreement to exchange $341.1 million of its outstanding 2026 Convertible
·Buffalo, United States
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Coverage Details
Total News Sources49
Leaning Left4Leaning Right6Center16Last UpdatedBias Distribution62% Center
Bias Distribution
- 62% of the sources are Center
62% Center
15%
C 62%
R 23%
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