Tempus AI Inc., a leading technology company in the field of AI-driven precision medicine, has announced a proposed offering of $400 million in Convertible Senior Notes due 2030. The company plans to use the proceeds to repay $274.7 million of its outstanding senior secured term loans, aiming to reduce interest expenses and enhance financial flexibility. Additionally, Tempus intends to use a portion of the funds for capped call transactions to minimize potential dilution and for general corporate purposes, which may include strategic investments and capital expenditures. The Notes, expected to mature on July 15, 2030, will be offered in a private placement to qualified institutional buyers.
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