Tyler Technologies proposes $1B convertible senior notes due 2031, plans up to $350M share repurchase

TYLER TECHNOLOGIES INC

Announces $1,000,000,000 aggregate principal amount of convertible senior notes due 2031; initial purchasers have option for additional $150,000,000.
Uses: up to $350M for concurrent share repurchases, funds capped call transactions, remainder for general corporate purposes.
Notes mature July 15, 2031; interest rate and conversion rate to be determined at pricing.
Capped call transactions with underwriters to reduce potential dilution upon conversion of Notes.
Offering only to qualified institutional buyers under Rule 144A; not registered under Securities Act.

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