Tempus AI closes $750M 0.75% convertible note offering, repays $274.7M term loans

Tempus AI, Inc.

Issued $750M aggregate principal of 0.75% Convertible Senior Notes due July 15, 2030, including full over-allotment.
Net proceeds ~$721.7M; used $274.7M to repay senior secured term loans and $41.8M for capped call transactions.
Initial conversion price ~$84.19 per share (32.5% premium over $63.54 closing price on June 30, 2025).
Entered capped call transactions to reduce potential dilution, with cap price initially $111.195 per share.
Amended credit agreement to permit offering and satisfy junior capital raise, avoiding 0.50% margin increase.

item 1.01item 2.03item 3.02item 8.01item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.