---
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"
generated_at: "2026-05-14T21:14:20.751307+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Tyler Technologies closes $1.44B 0.50% convertible note offering, repurchases 1M+ shares

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000860731-26-000040
- JSON: https://secwatch.observer/filing/0000860731-26-000040.json
- Plain text: https://secwatch.observer/filing/0000860731-26-000040.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/860731/000086073126000040/0000860731-26-000040-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/860731/000086073126000040/0000860731-26-000040-index.htm

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