{"schema_version":"secwatch.filing_event.v1","accession":"0000860731-26-000040","form_type":"8-K","ticker":"TYL","cik":"0000860731","company_name":"TYLER TECHNOLOGIES INC","filed_at":"2026-05-14T21:13:12+00:00","discovered_at":"2026-05-14T21:14:00.516501+00:00","generated_at":"2026-05-14T21:14:20.751307+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Tyler Technologies closes $1.44B 0.50% convertible note offering, repurchases 1M+ shares","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000860731-26-000040","json":"https://secwatch.observer/filing/0000860731-26-000040.json","markdown":"https://secwatch.observer/filing/0000860731-26-000040.md","text":"https://secwatch.observer/filing/0000860731-26-000040.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/860731/000086073126000040/0000860731-26-000040-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/860731/000086073126000040/tyl-20260514.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-14T21:14:20.751307+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0fe507c57dbe2c0098ff6aa9d5501140395fc4db","claim":"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.","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/860731/000086073126000040/0000860731-26-000040-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$1,437,500,000 aggregate principal amount of its 0.50% Convertible Senior Notes due 2031"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"0.50% per annum"},{"label":"Maturity","value":"July 15, 2031"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"38a95e102f382f97f055f91fd977981b68cba637","claim":"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).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/860731/000086073126000040/0000860731-26-000040-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Value","value":"$1,437,500,000 aggregate principal amount"},{"label":"Effective","value":"2026-05-14"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}