Tyler Technologies Inc.
Tyler Technologies Enters into New $1 Billion Credit Agreement
Summary
Tyler Technologies, Inc. has entered into a new Amended and Restated Credit Agreement providing for an unsecured revolving credit facility of up to $1 billion, replacing its existing $700 million credit facility. The new Credit Agreement, which matures on May 28, 2031, includes an accordion mechanism allowing for incremental loans and covers general corporate purposes. The existing credit facility, which was set to mature in September 2029, is being terminated as part of this agreement.
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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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