Tyler Technologies raises $1.44B via convertible notes, buys back $321M in stock

Filed May 14, 2026 · Period ending May 14, 2026 · ~1 min read

Key Changes

• high

  Issued $1.44B in 0.50% convertible senior notes due 2031, convertible at $405.94/share (premium to current price). Notes add debt but provide low-cost financing with flexible settlement options.

  Item 1.01 verify on EDGAR →
• high

  Used $320.7M of proceeds to repurchase 1.03M shares immediately; total 2026 buybacks now ~2.1M shares. Signals confidence while leveraging cheap debt for shareholder returns.

  Item 8.01 verify on EDGAR →
• medium

  Spent $187M on capped call hedges to offset dilution from conversions, with cap at $655.77/share. Protects existing shareholders but reduces net proceeds from offering.

  Item 1.01 verify on EDGAR →