---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-155545"
form_type: "8-K"
ticker: "TEM"
cik: "0001717115"
company_name: "Tempus AI, Inc."
filed_at: "2025-07-03T23:59:59+00:00"
generated_at: "2026-05-18T09:28:24.711142+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-155545
- form_type: 8-K
- ticker: TEM
- cik: 0001717115
- company_name: Tempus AI, Inc.
- filed_at: 2025-07-03T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1717115/000119312525155545/0001193125-25-155545-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1717115/000119312525155545/d14356d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-155545
- JSON: https://secwatch.observer/filing/0001193125-25-155545.json
- Plain text: https://secwatch.observer/filing/0001193125-25-155545.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.