secwatch.observer — SEC 8-K summary
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Issuer:     TYLER TECHNOLOGIES INC (TYL)
CIK:        0000860731
Form:       8-K
Filed at:   2026-05-12T11:42:56+00:00
Accession:  0000860731-26-000038
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tyler Technologies prices upsized $1.25B 0.50% convertible notes due 2031
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- Upsized from $1.0B to $1.25B; initial purchasers have option for additional $187.5M.
- Notes carry 0.50% coupon, mature July 15, 2031; initial conversion price ~$405.94/share (30% premium).
- Net proceeds estimated ~$1.224B ($1.408B if option exercised); ~$320.7M to repurchase 1.027M shares.
- About $162.8M used for capped call transactions to offset dilution, with cap price ~$655.77/share.
- Remainder for general corporate purposes; settlement expected May 14, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/860731/000086073126000038/0000860731-26-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/860731/000086073126000038/tyl-20260512.htm
  HTML page:      https://secwatch.observer/filing/0000860731-26-000038

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer