TYLER TECHNOLOGIES INC (TYL): debt financing — Tyler Technologies enters new $1B unsecured revolving credit facility, replacing $700M prior facility

TYLER TECHNOLOGIES INC

New $1 billion unsecured revolving credit facility matures May 28, 2031; replaces $700 million facility from Sept 2024.
No borrowings outstanding at closing; facility can be used for general corporate purposes including acquisitions.
Interest margins range from SOFR+1.125%-1.75% or base rate+0.125%-0.75% based on leverage ratio.
Commitment fee ranges from 0.125% to 0.25% per annum; accordion feature allows up to $525M or 100% of EBITDA increase.
Covenants include maintaining certain financial ratios; obligations guaranteed by material domestic subsidiaries.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

TYLER TECHNOLOGIES INC incurred revolving credit of $1 billion with Wells Fargo Bank, National Association at a per annum rate of either (1) the Administrative Agent's prime commercial lendi maturing May 28, 2031.

Instrument: revolving credit
Principal: $1 billion
Counterparty: Wells Fargo Bank, National Association
Rate: a per annum rate of either (1) the Administrative Agent's prime commercial lendi
Maturity: May 28, 2031
Event: incurrence

Exact text from the filing

Fargo Bank, National Association, as Administrative Agent. The Credit Agreement provides for an unsecured revolving credit facility in an aggregate principal amount of up to $1 billion, including subfacilities for standby letters of credit and swingline loans, each in a maximum amount to be mutually determined and on customary terms and conditions. The Credit

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.99

TYLER TECHNOLOGIES INC amended Amended and Restated Credit Agreement with Wells Fargo Bank, National Association valued at $1,000,000,000 amended and restated credit agreement (effective 2026-05-28).

Action: amendment
Agreement: credit facility
Counterparty: Wells Fargo Bank, National Association
Value: $1,000,000,000 amended and restated credit agreement
Effective: 2026-05-28

Exact text from the filing

$1,000,000,000 AMENDED AND RESTATED CREDIT AGREEMENT dated as of May 28, 2026, by and among TYLER TECHNOLOGIES, INC. , as Borrower, the Lenders referred to herein, as Lenders, and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent, Swingline Lender and an Issuing Lender

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Source: SEC EDGAR

accession 0000860731-26-000042

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