Roth Capital Partners acts as Co-Manager
for LivePerson, Inc. (NASDAQ: LPSN) in its
$517.5 Million Convertible Senior Notes Offering

   

For more information please contact:
 
Investment Banking

David Enzer
Managing Director
(310) 445-5868
denzer@roth.com
 
Robert Reid
Vice President
(949) 720-7146
rreid@roth.com
 
Equity Capital Markets
Aaron Gurewitz
Head of Equity
Capital Markets
(949) 720-5703
agurewitz@roth.com
 
Nazan Akdeniz
Senior Vice President
(949) 720-5740
nakdeniz@roth.com
 
Lou Ellis
Senior Vice President
(949) 720-5739
lellis@roth.com

Transaction Information
LivePerson, Inc. (NASDAQ: LPSN) has closed its offering of $517.5 million aggregate principal amount of 0% Convertible Senior Notes due 2026 (the "Notes") in a private offering pursuant to Rule 144A under the Securities Act of 1933. The Notes are senior, unsecured obligations of LivePerson, will not bear regular interest, and the principal amount of the notes will not accrete. The Notes will mature on December 15, 2026, unless converted, repurchased or redeemed in accordance with their terms prior to such date.

The Notes will have an initial conversion rate of 13.2933 shares of LivePerson common stock per $1,000 principal amount of the Notes (which is subject to adjustment in certain circumstances). This is equivalent to an initial conversion price of approximately $75.23 per share and represents a premium of approximately 42.5% to the $52.79 per share closing price of LivePerson common stock on December 1, 2020. LivePerson intends to use approximately $40.1 million of the proceeds from the offering of the Notes to pay the cost of a capped call transaction that increased the conversion price to an approximately 100% premium. LivePerson intends to use the remaining proceeds from the offering for general corporate purposes, which may include acquisitions or other strategic transactions.

Roth Capital Partners acted as co- manager for the offering.

About LivePerson, Inc.
LivePerson makes life easier for people and brands everywhere through trusted conversational AI. Our 18,000 customers, including leading brands like HSBC, Orange, GM Financial, and The Home Depot, use our conversational solutions to orchestrate humans and AI, at scale, and create a convenient, deeply personal relationship - a conversational relationship - with their millions of consumers. LivePerson was named to Fast Company's World's Most Innovative Companies list in 2020. For more information, please visit www.liveperson.com. (Source: Company Press Release | 12.10.20)

About Roth Capital Partners
Roth Capital Partners, LLC (ROTH), is a relationship-driven investment bank focused on serving emerging growth companies and their investors. As a full-service investment bank, ROTH provides capital raising, M&A advisory, analytical research, trading, market-making services and corporate access. Headquartered in Newport Beach, CA, ROTH is privately-held and employee owned, and maintains offices throughout the U.S. For more information on ROTH, please visit www.roth.com.

Date of Announcement: 12.31.20

The material, information and  facts discussed in this announcement other than the information regarding Roth Capital Partners, LLC ("ROTH") and its affiliates, are from sources believed to be reliable, but are in no way guaranteed to be complete or accurate. This announcement should not be used as a complete analysis of any companies, securities or topics discussed herein. Additional information is available upon request. This is not, however, an offer or solicitation of the securities discussed. Any opinions or estimates in this announcement are subject to change without notice. An investment in any security based on this announcement may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Additionally, such investments may involve a high degree of risk and may not be suitable for all investors. No part of this announcement may be reproduced in any form without the express written permission of ROTH. Copyright 2020.