Tyler Technologies secures new $1B credit facility, replacing $700M line

Filed May 29, 2026 · Period ending May 29, 2026 · ~1 min read

Key Changes

• high

  Tyler entered into a new $1 billion unsecured revolving credit facility with Wells Fargo, replacing its prior $700 million facility that was set to mature in September 2029. The new facility matures May 28, 2031, with no borrowings outstanding at closing.

  Item 1.01 verify on EDGAR →
• medium

  The facility includes an accordion feature allowing Tyler to increase borrowing capacity by the greater of $525 million or 100% of trailing EBITDA, plus additional amounts up to a 3.25x net leverage ratio, providing flexibility for acquisitions or growth.

  Item 1.01 verify on EDGAR →
• medium

  Interest rates are based on Tyler's choice of prime rate plus 0.125%-0.75% or SOFR plus 1.125%-1.75%, with margins tied to leverage ratio. Lower leverage results in better pricing, incentivizing debt discipline.

  Item 1.01 verify on EDGAR →