Tyler Technologies Inc.
Tyler Technologies Announces Pricing of $1.25 Billion Convertible Senior Notes Offering
Summary
Tyler Technologies, Inc. announced the pricing of its upsized offering of $1,250,000,000 aggregate principal amount of 0.50% convertible senior notes due 2031 in a private offering to qualified institutional buyers. The offering size was increased from the previously announced $1,000,000,000. The issuance and sale of the notes are scheduled to settle on May 14, 2026. Tyler also granted the initial purchasers an option to purchase up to an additional $187,500,000 aggregate principal amount of notes. The net proceeds from the offering, estimated to be approximately $1,224.3 million, will be used to fund the cost of entering into capped call transactions, repurchase shares of Tyler's common stock, and for general corporate purposes.
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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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