Company: TEM
Filing Date: 2025-02-03
Form Type: 8-K
Source: 0001193125-25-019313
Chunk: 2

Company: Tempus AI, Inc.
Filing Date: 2025-02-03
Form: 8-K
Item: Item 1.01
Chunk 2
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aled the greater of (x) 50.0% of the Revolving Commitments and (y) $50.0 million (the “ Minimum Revolving Interest Amount”). A commitment fee will accrue on the unused amount of the Revolving Commitments at a per annum rate of 0.50%; provided, however, that no such fee shall accrue to the extent the Company is being charged the Minimum Revolving Interest Amount.

The Company’s obligations under the Credit Agreement are guaranteed by certain of its subsidiaries and secured by substantially all of the Company’s and such subsidiaries’ assets. The Company has the right at any time and from time to time to prepay any of the Term Loans or Revolving Loans in whole or in part, subject, with respect to the Term Loans, to certain prepayment fees.

The Credit Agreement contains customary representations, warranties, and covenants, including but not limited to, restrictions on the Company’s and its subsidiaries’ ability to incur additional indebtedness, dispose of its assets, incur liens, make investments, and pay dividends or other distributions, in each case subject to specified exceptions. The Credit Agreement also contains financial covenants as to minimum liquidity, minimum revenue and, from and after the fiscal quarter ending March 31, 2027, maximum first lien leverage.

The Credit Agreement contains customary events of default relating to, among other things, payment defaults, breach of covenants, cross acceleration to material indebtedness, bankruptcy-related defaults, judgment defaults, and the occurrence of certain change of control events. If an event of default occurs, the lenders under the Credit Agreement will be entitled to take various actions, including the termination of any undrawn commitments and the acceleration of amounts due under the Credit Agreement.

The summary of the material terms of the Credit Agreement in this Item 1.01 does not purport to be complete and is qualified in its entirety by reference to the full text of the actual agreement, a conformed copy of which is attached as Annex A to the Amendment Agreement filed as Exhibit 10.1 to this Form8-Kand incorporated herein by reference.

  Item 2.03      Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.  

The disclosure set forth in Item 1.01 of this Current Report on Form8-Kis incorporated by reference in response to this Item 2.03.

  Item 9.01      Financial Statements and Exhibits.  

(d) Exhibits.