08:05 AM EDT, 06/30/2025 (MT Newswires) -- Tempus AI ( TEM ) said Monday it plans to offer $400 million of convertible senior unsecured notes due July 15, 2030, in a private placement.

Initial purchasers have been granted a 13-day option to purchase up to $60 million in additional notes.

Tempus said it plans to use the net proceeds to repay $274.7 million of its outstanding senior secured term loans, to pay the cost of certain capped call transactions and for general corporate purposes.

Shares of Tempus declined more than 2% in recent premarket activity.

Price: 64.99, Change: -1.52, Percent Change: -2.29