secwatch.observer — SEC 8-K summary
======================================

Issuer:     Tempus AI, Inc. (TEM)
CIK:        0001717115
Form:       8-K
Filed at:   2025-07-03T23:59:59+00:00
Accession:  0001193125-25-155545
Event type: debt
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1717115/000119312525155545/0001193125-25-155545-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1717115/000119312525155545/d14356d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-155545

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer