Tempus AI Just Priced a $400 Million Debt Deal. Here’s What Investors Need to Watch
Tempus AI locked in an upsized $400 million private sale of 0% convertible senior notes maturing in 2032, opting to swap out secured borrowings for debt with no periodic interest as it sharpens its focus on healthcare data and diagnostics. The deal, raised from the original $350 million, is slated for a May 12 close. Tempus plans to use the proceeds to pay off $307.7 million in loans, cover roughly $27.2 million for capped-call hedges, and for general corporate purposes.