Company: TEM
Filing Date: 2025-02-03
Form Type: 8-K
Source: 0001193125-25-019313
Chunk: 0

Company: Tempus AI, Inc.
Filing Date: 2025-02-03
Form: 8-K
Item: Item 1.01
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Item 1.01      Entry into a Material Definitive Agreement.  

Third Amendment to Credit Agreement

On February 3, 2025 (the “ Closing Date”), in conjunction with closing the acquisition of Ambry Genetics Corporation, a Delaware corporation (“ Ambry”), pursuant to that certain Securities Purchase Agreement, dated November 4, 2024, by and between Tempus AI, Inc. (the “ Company”), REALM IDx, Inc., a Delaware corporation (“ Seller”), and solely for the limited purposes set forth therein, Seller’s ultimate parent, Konica Minolta, Inc., a Japanese corporation, the Company entered into a Third Amendment to Credit Agreement and First Amendment to Guarantee and Collateral Agreement (the “ Amendment Agreement”) by and among the Company, certain subsidiaries of the Company party thereto, the lenders party thereto, Ares Capital Corporation, as administrative agent (in such capacity, the “ Administrative Agent”), and ACF Finco I LP, as revolving agent. The Amendment Agreement amends the terms of that certain Credit Agreement, dated as of September 22, 2022 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time prior to the Closing Date, the “ Existing Credit Agreement” and as amended by the Amendment Agreement, the “ Credit Agreement”), by and among the Company, the lenders party thereto and the Administrative Agent to, among other things, establish (i) $200.0 million in additional senior secured term loan commitments (the “ Third Amendment Term Loan Facility” and the incremental term loans funded thereunder, the “ Third Amendment Term Loans”) and (ii) $100.0 million in priority revolving commitments (the “ Priority ABL Facility”, the revolving commitments thereunder, the “ Revolving Commitments”, and the revolving loans funded thereunder, the “ Revolving Loans”). The Company borrowed $200.0 million in Third Amendment Term Loans and $100.0 million in Revolving Loans on the Closing Date to fund, in part, the consideration payable in connection with its acquisition of Ambry.

The Third Amendment Term Loan Facility and the Priority ABL Facility mature on February 3, 2030. The term loans outstanding under the Existing Credit Agreement as of, but immediately prior to effectiveness of, the Amendment Agreement (such loans, together with the Third Amendment Term Loans, the “ Term Loans”) mature in September 2027.

Through December 31, 2025, interest on the Term Loans accrues at a per annum