aibioTempus AI completes $460.0 million convertible notes offering
Tickers TEM
The notes carry no regular interest and mature May 15, 2032, after the initial purchasers exercised their option in full.
Key facts
- Company
- Tempus AI, Inc. (NASDAQ: TEM)
- News type
- Debt Financing
- Primary source
- Tempus AI, Inc. (2026-05-12)
Tempus AI, Inc. completed a private offering of $460.0 million aggregate principal amount of 0.00% convertible senior notes due 2032 on May 12, 2026, according to the release. The total includes the exercise in full of the initial purchasers' option to buy up to an additional $60.0 million of principal. The offering was previously announced.
The notes were issued under an indenture dated May 12, 2026, between the company and U.S. Bank Trust Company, National Association, as trustee. They are general unsecured obligations of Tempus AI and mature on May 15, 2032, unless converted, redeemed or repurchased earlier.
The notes will not bear regular interest, and their principal will not accrete. Special interest may accrue in the circumstances and at the rates described in the indenture.
The filing's purchase agreement is among the company and Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC, as named in the indenture. The filing names no placement agent or financial advisor.