Tempus AI closes $460M 0% convertible notes due 2032; repays $307.7M credit facility

Tempus AI, Inc.

Issued $460M aggregate principal of 0.00% Convertible Senior Notes due 2032, conversion price ~$69.26/share.
Net proceeds of ~$441.9M; used $307.7M to repay outstanding loans under senior secured credit facilities.
Paid ~$31.2M for capped call transactions to reduce potential dilution upon conversion.
Conversion rate initially 14.4388 shares per $1,000; notes redeemable at par after May 21, 2029 under conditions.
Credit Agreement with Ares Capital terminated upon repayment in full on May 12, 2026.

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Source: SEC EDGAR

accession 0001193125-26-220115

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