LivePerson Strengthens Capital Structure
LivePerson Strengthens Capital Structure
Enters into agreement to exchange $146 million of its outstanding 2026 Convertible Senior Notes for $100 million of 2029 Convertible Senior Secured Notes
簽訂協議，將其未償還的2026年可轉換優先票據中的1.46億美元兌換爲1億美元的2029年可轉換優先擔保票據
Receives commitment for $100 million of new capital in the form of 2029 Convertible Senior Secured Notes to facilitate further deleveraging
承諾以2029年可轉換優先有擔保票據的形式提供1億美元的新資本，以促進進一步的去槓桿化
NEW YORK, May 13, 2024 /PRNewswire/ -- LivePerson, Inc. (Nasdaq: LPSN) ("LivePerson" the "Company", "we" or "us"), the enterprise leader in digital customer conversations, today announced that its largest existing notes investor, Lynrock Lake Master Fund LP ("Lynrock"), has entered into a binding agreement to exchange (the "Exchange") its existing approximately $146 million principal amount of Senior Convertible Notes due 2026 for $100 million of new Senior Secured Convertible Notes due 2029 (the "New Notes"). In addition, Lynrock has agreed to provide the Company with $100 million of new capital in the form of additional New Notes, with $50 million to be purchased concurrently with the Exchange and another $50 million to be purchased within six months of the Exchange upon the Company's request.
紐約，2024 年 5 月 13 日 /PRNewswire/-- Liveperson, Inc。（納斯達克股票代碼：LPSN）（“LivePerson” “公司”、“我們” 或 “我們”）， 數字客戶對話領域的企業領導者今天宣佈，其最大的現有票據投資者Lynrock Lake Master Fund LP（“Lynrock”）已簽訂一項具有約束力的協議，將其現有的約1.46億美元本金2026年到期的優先可轉換票據（“交易所”）兌換爲2029年到期的1億美元新優先有擔保可轉換票據（“新票據”）。此外，Lynrock已同意以額外新票據的形式向公司提供1億美元的新資本，其中5000萬美元將與交易所同時購買，另外5000萬美元將在交易所的要求下在交易所六個月內購買。
"Today's transaction significantly improves our capital structure by enabling us to capture some of the discounted current market price of our 2026 Convertible Senior Notes, extend our debt maturity schedule, and raise new capital to facilitate further deleveraging," said John Collins, CFO and COO. "With a stronger balance sheet, LivePerson is well positioned to meet the needs of our customers and partners for the long run and to accelerate value creation for shareholders. We appreciate Lynrock's support and continued confidence in our strategy and vision."
首席財務官兼首席運營官約翰·柯林斯表示：“今天的交易使我們能夠獲得2026年可轉換優先票據的部分折扣當前市場價格，延長債務到期日程表，籌集新資金以促進進一步去槓桿化，從而極大地改善了我們的資本結構。”“憑藉更強勁的資產負債表，LivePerson完全有能力滿足客戶和合作夥伴的長期需求，並加快爲股東創造價值。我們感謝Lynrock的支持以及對我們的戰略和願景的持續信心。”
The New Notes will be secured and guaranteed by certain of the Company's subsidiaries on a senior secured basis. Concurrently with the Exchange, Lynrock will also be issued 10-year warrants exercisable for 11% of the Company's common stock, calculated on a fully diluted basis, with a strike price of $0.75 per share. The Exchange and purchase of New Notes are subject to customary closing conditions and are expected to occur by the end of May.
新票據將由公司的某些子公司以優先擔保方式進行擔保和擔保。與交易所同時，Lynrock還將發行10年期認股權證，可行使公司11％的普通股，該認股權證按全面攤薄後的基礎計算，行使價爲每股0.75美元。新票據的交換和購買受慣例成交條件的約束，預計將於5月底進行。
Additional details with respect to the purchase and exchange agreement and the new notes will be filed today in an 8-K with the Securities and Exchange Commission.
有關購買和交換協議以及新票據的更多細節將於今天以8K的形式提交給美國證券交易委員會。
About LivePerson
LivePerson (NASDAQ: LPSN) is the enterprise leader in digital customer conversations. The world's leading brands — including HSBC, Chipotle, and Virgin Media — use our award-winning Conversational Cloud platform to connect with millions of consumers. We power nearly a billion conversational interactions every month, providing a uniquely rich data set and AI-powered solutions to accelerate contact center transformation, supercharge agent productivity, and deliver more personalized customer experiences. Fast Company named us the #1 Most Innovative AI Company in the world. To talk with us or our AI, please visit liveperson.com.
關於 LivePer
LiveP 納斯達克股票代碼：LPSN）是數字客戶對話領域的企業領導者。包括匯豐銀行、Chipotle和維珍傳媒在內的世界領先品牌使用我們屢獲殊榮的對話雲平台與數百萬消費者建立聯繫。我們每月爲近十億次對話互動提供支持，提供獨一無二的豐富數據集和人工智能驅動的解決方案，以加速聯絡中心轉型，提高代理工作效率，提供更加個性化的客戶體驗。Fast Company 將我們評爲全球 #1 最具創新性的人工智能公司。要與我們或我們的人工智能交談，請訪問 liveperson。
Forward-Looking Statements
前瞻性陳述
Statements in this press release regarding LivePerson that are not historical facts are forward-looking statements and are being made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, including statements regarding the anticipated exchange and purchases and their benefits to the Company, are subject to risks and uncertainties, and actual events or results may differ materially from our expectations. Some of the factors that could cause events or results to differ from our expectations include, without limitation, our ability to execute on and deliver our current business and product plans and goals, and the other factors described in the "Risk Factors" sections of the Company's Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on March 4, 2024 and the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2024, filed with the SEC on May 10, 2024. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
本新聞稿中有關LivePerson的非歷史事實的聲明均爲前瞻性陳述，是根據1995年《私人證券訴訟改革法》的安全港條款作出的。前瞻性陳述，包括有關預期交換和購買及其對公司的收益的陳述，受風險和不確定性的影響，實際事件或結果可能與我們的預期存在重大差異。一些可能導致事件或結果與我們的預期不同的因素包括但不限於我們執行和交付當前業務和產品計劃和目標的能力，以及公司於2024年3月4日向美國證券交易委員會提交的截至2023年12月31日年度的10-K表年度報告和公司截至2024年3月31日的季度10-Q表季度報告中 “風險因素” 部分描述的其他因素，於 2024 年 5 月 10 日向美國證券交易委員會提起訴訟。提醒讀者不要過分依賴這些前瞻性陳述，這些陳述僅代表其發佈日期。
Investor Relations Contact
ir-lp@liveperson.com
投資者關係聯繫人
ir-lp@liveperson.com
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SOURCE LivePerson, Inc.
來源 LivePerson, Inc.
譯文內容由第三人軟體翻譯。