---
schema_version: "secwatch.filing_event.v1"
accession: "0000860731-24-000046"
form_type: "8-K"
ticker: "TYL"
cik: "0000860731"
company_name: "TYLER TECHNOLOGIES INC"
filed_at: "2024-09-30T23:59:59+00:00"
generated_at: "2026-05-31T01:01:07.997611+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000860731-24-000046
- form_type: 8-K
- ticker: TYL
- cik: 0000860731
- company_name: TYLER TECHNOLOGIES INC
- filed_at: 2024-09-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/860731/000086073124000046/0000860731-24-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/860731/000086073124000046/tyl-20240930.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000860731-24-000046
- JSON: https://secwatch.observer/filing/0000860731-24-000046.json
- Plain text: https://secwatch.observer/filing/0000860731-24-000046.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.