TYLER TECHNOLOGIES INC (TYL): debt financing — Tyler Technologies closes $1.44B 0.50% convertible note offering, repurchases 1M+ shares

TYLER TECHNOLOGIES INC

Issued $1,437,500,000 aggregate principal of 0.50% convertible senior notes due July 15, 2031.
Initial conversion price ~$405.94 per share (~30% premium); capped calls raise effective price to ~$655.77.
Capped call transactions cost $187.2M; net proceeds ~$1,408.1M after fees and expenses.
Used $320.7M to repurchase 1,026,900 shares; YTD total repurchases ~2.1M shares for ~$667M.
Remaining proceeds allocated for general corporate purposes and share buyback authorization.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

TYLER TECHNOLOGIES INC incurred convertible notes of $1,437,500,000 aggregate principal amount of its 0.50% Convertible Senior Notes due 2031 with U.S. Bank Trust Company, National Association at 0.50% per annum maturing July 15, 2031.

Instrument: convertible notes
Principal: $1,437,500,000 aggregate principal amount of its 0.50% Convertible Senior Notes due 2031
Counterparty: U.S. Bank Trust Company, National Association
Rate: 0.50% per annum
Maturity: July 15, 2031
Event: incurrence

Exact text from the filing

On May 14, 2026, Tyler Technologies, Inc. (the “Company”) issued $1,437,500,000 aggregate principal amount of its 0.50% Convertible Senior Notes due 2031 (the “Notes”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

TYLER TECHNOLOGIES INC entered into Indenture with U.S. Bank Trust Company, National Association valued at $1,437,500,000 aggregate principal amount (effective 2026-05-14).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: $1,437,500,000 aggregate principal amount
Effective: 2026-05-14

Exact text from the filing

On May 14, 2026, Tyler Technologies, Inc. (the “Company”) issued $1,437,500,000 aggregate principal amount of its 0.50% Convertible Senior Notes due 2031 (the “Notes”). The Notes were issued pursuant to, and are governed by, an indenture (the “Indenture”), dated as of May 14, 2026, between the Company and U.S. Bank Trust Company, National Association, as trustee

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TYLER TECHNOLOGIES INC filing history →

Source: SEC EDGAR

accession 0000860731-26-000040

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