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Tempus AI Launches $400 Million Senior Notes Offering

BY MT Newswires | CORPORATE | 06/30/25 08:05 AM EDT

08:05 AM EDT, 06/30/2025 (MT Newswires) -- Tempus AI (TEM) said Monday it plans to offer $400 million of convertible senior unsecured notes due July 15, 2030, in a private placement.

Initial purchasers have been granted a 13-day option to purchase up to $60 million in additional notes.

Tempus said it plans to use the net proceeds to repay $274.7 million of its outstanding senior secured term loans, to pay the cost of certain capped call transactions and for general corporate purposes.

Shares of Tempus declined more than 2% in recent premarket activity.

Price: 64.99, Change: -1.52, Percent Change: -2.29

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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