Company: LPSN
Filing Date: 2025-08-11
Form Type: DEFA14A
Source: 0001193125-25-177966
Chunk: 1

Company: LIVEPERSON INC
Filing Date: 2025-08-11
Form: DEFA14A
Chunk 1
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12b-2of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement.

On August 11, 2025, LivePerson, Inc. (the “”) entered into a privately negotiated exchange agreement (the “”) with holders (the “”) of approximately $341.1 million aggregate principal amount the Company’s outstanding 0% Convertible Senior Notes due 2026 (the “”)
relating to the exchange (the “”) 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 “”), (iii) shares of the Company’s common stock, $0.001 par value per share (“” and such shares, the
“”) and (iv) shares of Series B Fixed Rate Convertible Perpetual Preferred Stock (“”). The aggregate number of Common Equity Shares and shares of Common Stock
into which the Series B Preferred Stock are convertible as more fully described below (such shares, the “”), will equal to 39.0% of the fully diluted Common Stock as of the closing date of the Exchange (the
“” and such amount the “”). The total number of Common Equity Shares, shares of Series B Preferred Stock and Conversion Shares issuable to the Noteholders will be determined on
or prior to the Closing Date.

Second Lien Senior Subordinated Secured Notes due 2029

The New Secured Notes will be guaranteed by certain of the Company’s direct and indirect domestic and foreign subsidiaries (the “”) and secured by a second-priority lien on substantially all assets (other than excluded assets) of the Company and the Subsidiary Guarantors. The indenture governing the New Secured Notes is expected to contain affirmative and
negative covenants and events of default customary for secured junior indebtedness and in accordance with the term sheet attached to the Exchange Agreement. The negative covenants will include limitations on asset sales, the incurrence of debt,
preferred stock and liens, fundamental changes, investments, dividends and other payment restrictions