secwatch.observer — SEC 8-K summary
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Issuer:     Tempus AI, Inc. (TEM)
CIK:        0001717115
Form:       8-K
Filed at:   2026-05-12T23:18:38+00:00
Accession:  0001193125-26-220115
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 1.02, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1717115/000119312526220115/0001193125-26-220115-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1717115/000119312526220115/d117982d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-220115

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