Tyler Technologies Inc.
Tyler Technologies Announces Proposed Offering of Convertible Senior Notes
Summary
Tyler Technologies, Inc. announced on May 11, 2026, its intention to offer $1,000,000,000 aggregate principal amount of convertible senior notes due 2031 in a private offering to qualified institutional buyers. The company expects to use a portion of the net proceeds to repurchase shares of its common stock and for general corporate purposes. The notes will be senior, unsecured obligations of Tyler and will accrue interest payable semi-annually in arrears. Holders of the notes will have the right to convert their notes in certain circumstances and during specified periods. The notes will be redeemable, in whole or in part, for cash at Tyler's option at any time on or after July 20, 2029, and on or before the 30th scheduled trading day immediately before the maturity date. The conversion value will be paid in cash up to the principal amount of the notes being converted.
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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.
Official SEC Documents
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