Jun 30, 11:15 AM

Tempus AI Plans $400 Million Convertible Note Sale to Refinance Debt

Tempus AI Inc. said it intends to raise about $400 million through a private offering of convertible senior notes maturing in 2030, with initial purchasers granted an option to buy up to an additional $60 million of the securities. The Chicago-based precision-medicine company plans to use roughly $275 million of the proceeds to repay outstanding term loans and apply the remainder toward capped-call transactions designed to reduce dilution if the notes are converted into equity. The securities will be convertible into cash, Tempus AI stock, or a combination of both, subject to customary conditions. Tempus AI shares fell about 2.9% in pre-market trading after the announcement.

#Chicago #Tempus AI

Written with ChatGPT .

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Open Outcrier@OpenOutcrier
1 year ago
$TEM (-2.9% pre) Tempus AI, Inc. Announces Proposed Convertible Senior Notes Offering to Optimize Capital Structure and Reduce Interest Expense https://t.co/wWacSOAr1R
Hardik Shah@AIStockSavvy
1 year ago
📢 𝐉𝐔𝐒𝐓 𝐈𝐍: $TEM Tempus AI, Inc. Announces Proposed Convertible Senior Notes Offering to Optimize Capital Structure and Reduce Interest Expense https://t.co/vzwRzlMuHv
The Inner Circle Trading Group DP David Prince@epictrades1
1 year ago
$TEM Tempus AI plans to raise $400M through convertible senior notes due 2030

Tempus AI Plans $400 Million Convertible Note Sale to Refinance Debt

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