Company: LPSN
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001102993-25-000108
Chunk: 60

Company: LIVEPERSON INC
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 60
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, are accounted for as a single liability, and the combined carrying amount is $178.7 million as of June 30, 2025, consisting of principal of $214.4 million, net of unamortized issuance costs of $6.8 million and debt discount of $28.8 million. The 2029 Notes were classified as long-term liabilities in the condensed consolidated balance sheets as of June 30, 2025. The remaining term over which the 2029 Notes’ debt issuance costs will be amortized is 4.0 years at an effective interest rate of 19.13% for the 2029 Notes (not including the Delayed Draw Notes) and 13.28% for the Delayed Draw Notes as of June 30, 2025.Unamortized debt issuance costs incurred in connection with securing the Company’s financing arrangements are presented in the condensed consolidated balance sheets as a direct deduction from the carrying amount of the outstanding borrowings, consistent with debt discounts. All deferred financing costs are amortized to interest expense. The net carrying amount of the liability component of the Notes as of June 30, 2025 and December 31, 2024 is as follows:June 30, 2025December 31, 20242026 Notes2029 NotesTotal2026 Notes2029 NotesTotal(In thousands)Principal$361,204 $214,374 $575,578 $361,204 $207,125 $568,329 Unamortized debt discount— (28,848)(28,848)— (31,137)(31,137)Unamortized issuance costs(2,040)(6,824)(8,864)(2,757)(7,365)(10,122)Carrying value of long-term debt, net$359,164 $178,702 $537,866 $358,447 $168,623 $527,070 The following table sets forth the interest expense recognized related to the Notes:Three Months Ended June 30,Six Months Ended2025202420252024(In thousands)Contractual interest expense$5,949 $1,591 $11,617 $1,681 Amortization of debt issuance costs656 531 1,291 1,042 Amortization of debt discount1,261 301 2,436 301 Total interest expense$7,866 $2,