LivePerson buys back $157.5 million of 0.75% convertibles due 2024

By Marisa Wong

Los Angeles, March 23 – LivePerson Inc. announced it repurchased about $157.5 million principal amount of its outstanding 0.75% convertible senior notes due 2024.

In total, the company paid about $149.7 million in cash through separate and individually negotiated transactions with some institutional holders to retire the notes, according to a press release.

After closing of the repurchase, roughly $72.5 million of the notes will remain outstanding.

In connection with the buybacks, the company expects to unwind a proportional amount of the capped call options associated with the notes.

LivePerson is a conversational AI company based in New York.

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