secwatch.observer — SEC 8-K summary
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Issuer:     TYLER TECHNOLOGIES INC (TYL)
CIK:        0000860731
Form:       8-K
Filed at:   2026-05-14T21:13:12+00:00
Accession:  0000860731-26-000040
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/860731/000086073126000040/0000860731-26-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/860731/000086073126000040/tyl-20260514.htm
  HTML page:      https://secwatch.observer/filing/0000860731-26-000040

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