secwatch.observer — SEC 8-K summary
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Issuer:     TYLER TECHNOLOGIES INC (TYL)
CIK:        0000860731
Form:       8-K
Filed at:   2026-05-29T13:14:10+00:00
Accession:  0000860731-26-000042
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tyler Technologies enters new $1B unsecured revolving credit facility, replacing $700M prior facility
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/860731/000086073126000042/0000860731-26-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/860731/000086073126000042/tyl-20260529.htm
  HTML page:      https://secwatch.observer/filing/0000860731-26-000042

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