Tyler Technologies Inc.
Tyler Technologies Enters into New Credit Agreement
Summary
Tyler Technologies, Inc. has entered into a new Credit Agreement providing for an unsecured revolving credit facility of up to $700 million, which replaces the existing $500 million credit facility. The new agreement, dated September 25, 2024, includes an accordion mechanism for incremental loans and matures on September 25, 2029. The existing credit facility, dated April 21, 2021, is terminated as part of this transaction.
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About Tyler Technologies Inc.
Tyler Technologies Inc. delivers integrated software solutions and services for public sector organizations across the United States, aiming to empower government entities to become more efficient and transparent. The company's comprehensive product suite covers a wide range of administrative functions, including enterprise resource planning, public safety, justice, tax, appraisal evaluations, and citizen services. By providing these critical systems, Tyler Technologies supports various sectors from local government offices to educational institutions and court systems, ensuring the smooth operation and management of public resources and records. A significant player in the GovTech industry, Tyler Technologies focuses on facilitating digital transformation, helping clients transition to digital-first services, and improving service delivery to communities. Established in 1966 and headquartered in Plano, Texas, the company plays a pivotal role in modernizing government technology, creating scalable solutions designed to meet the unique needs of public sector clients.
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