Tempus AI announced plans for a private placement of $350 million in convertible senior notes, with net proceeds intended primarily for debt repayment and funding corporate initiatives. The company said it will use proceeds to repay $307.7 million of outstanding loans and accrued interest, plus related fees and costs tied to share dilution mitigation. The notes are due in 2032 and the offering is available to qualified institutional buyers, with an option to raise up to an additional $52.5 million. Tempus said the proceeds may also support acquisitions and strategic investments, plus general corporate purposes and working capital. Tempus previously completed similar convertible offerings, including a $400 million sale and later increases to a larger facility last year. The latest plan arrives as Tempus continues to expand its multimodal diagnostics and AI modeling infrastructure.