Tyler Technologies enters new $700M credit facility, replacing prior $500M facility

TYLER TECHNOLOGIES INC

New unsecured revolving credit facility of $700M, maturing September 25, 2029, replaces the 2021 $500M facility scheduled to mature April 2026.
At closing, Tyler had no borrowings outstanding under either the new or prior facility.
Interest margins range from 1.125%–1.75% (SOFR) or 0.125%–0.75% (base rate), plus commitment fee 0.125%–0.250%, based on total net leverage ratio.
Includes an uncommitted accordion allowing incremental loans up to the greater of $525M or 100% of EBITDA, subject to leverage test.
The facility is guaranteed by material domestic subsidiaries and is available for general corporate purposes including acquisitions.

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