Company: LPSN
Filing Date: 2025-08-11
Form Type: DEFA14A
Source: 0001193125-25-177966
Chunk: 72

Company: LIVEPERSON INC
Filing Date: 2025-08-11
Form: DEFA14A
Chunk 72
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 Secured Notes due 2029 (the “New Secured Notes”), (iii) shares of Series B Fixed Rate Convertible Perpetual Preferred Stock (“Series B Preferred Stock”)
and (iv) shares of the Company’s common stock (the “Common Equity Shares,” together with the New Secured Notes and the Series B Preferred Stock, the “New Securities”) in an amount which, together with the number of
shares into which the Series B Preferred Stock is convertible, will equal 39.0% of the Company’s fully diluted common stock outstanding following the closing of the Exchange (the “Aggregate Equity Amount”).

“Today’s transaction represents the successful culmination of our multi-year strategy to deleverage the balance sheet,” said John Collins, CFO
and COO. “This exchange captures $181 million of debt discount that accretes to shareholders, deleverages the balance sheet by $226 million, and extends LivePerson’s runway through 2029. In sum, we believe this exchange shifts a greater
proportion of enterprise value to shareholders, and provides the company with time to execute its strategy, reinforcing its position as a long-term strategic partner to customers, and creating runway to further enhance value for shareholders.”

The Exchange is subject to customary closing conditions and is expected to occur by the end of September.

The New Secured Notes will be guaranteed by certain of the Company’s direct and indirect domestic and foreign subsidiaries and secured by a
second-priority lien on substantially all assets (other than certain excluded assets) of the Company and the guarantors, and will accrue interest at a rate of 10.0% per annum. The New Secured Notes will mature on December 15, 2029.

The shares of Series B Preferred Stock will be convertible into a fixed number of shares of common stock equal to the difference between (x) the number
of shares required to provide the Aggregate Equity Amount and (y) the number of shares of Common Equity Shares issued as of the closing of the Exchange if the Company’s shareholders approve an amendment to its charter to increase to
the Company’s authorized share capital at a future special meeting (the “Proposal”). The Company’s executive officers are supportive of the transaction and intend to vote their shares in favor of the proposed charter amendment.
If shareholders do not approve the Proposal, the Series B Preferred Stock will remain outstanding. Regular dividends on each share of Series B Preferred Stock issued as part of the Exchange will accrue at a rate of 15.0% and will be paid