LPSN - LivePerson prices $450M 0% convertible senior notes private offering

LivePerson ([[LPSN]] +3.8%) prices $450M principal amount of 0% Convertible Senior Notes due 2026 in a private offering.Initial purchasers granted a 13-day option to purchase up to an additional $67.5M principal amount of the notes.Sale is expected to close on Dec.4, 2020.Notes will mature on Dec. 15, 2026, unless converted, repurchased or redeemed in accordance with their terms prior to such date.LivePerson may redeem all or any portion of the Notes, at its option, on or after Dec. 20, 2023, at a cash redemption price equal to 100% of the principal amount of the notes.Initial conversion rate of the notes will be 13.2933 shares of LivePerson common stock per $1K principal amount of the Notes equivalent to an initial conversion price of ~$75.23/share (premium of ~42.5% to the Dec.1 closing price).Net proceeds estimated at ~$439.6M out of which $40.1M to be used for paying the the cost of the capped call

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LivePerson prices $450M 0% convertible senior notes private offering