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Get filing alertsTempus AI raises $460M in convertible notes, repays $308M credit facility in full
Filed May 13, 2026 · Period ending May 7, 2026 · ~1 min read
Key Changes
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high
Issued $460M of zero-coupon convertible senior notes due 2032, convertible at $69.26/share (40% premium to May 7 stock price). Notes are unsecured and convertible starting September 2026 under specific conditions.
Item 1.01 verify on EDGAR → -
high
Used $307.7M of proceeds to fully repay and terminate senior secured credit facility with Ares Capital, eliminating secured debt and reducing interest expense with 0% coupon notes.
Item 1.02 verify on EDGAR → -
medium
Purchased $31.2M in capped call hedges to reduce dilution from conversions, providing protection up to $98.94/share (100% premium). Maximum 9.3M shares could be issued upon conversion.
Item 1.01 verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Source-verified from EDGAR · Narrative written by AI · May 25, 2026 · How we verify