Tyler Technologies signs amended, restated $1 billion revolving credit facility with Wells Fargo-led lenders
Tyler Technologies, Inc. TYL | 0.00 |
- Tyler Technologies entered an amended and restated credit agreement on May 28, 2026, creating an unsecured revolving credit facility of up to USD 1 billion.
- The facility matures on May 28, 2031, replacing a prior USD 700 million unsecured revolving credit facility due to mature in September 2029.
- Pricing set at prime rate plus 0.125% to 0.75% or SOFR plus 1.125% to 1.75%, based on total net leverage.
- Commitment fee starts at 0.125% per year, stepping up to 0.25% based on leverage; no borrowings were outstanding at closing.
- Proceeds earmarked for general corporate purposes, including working capital, acquisitions, capital expenditures; includes an uncommitted accordion for incremental capacity.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tyler Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000860731-26-000042), on May 29, 2026, and is solely responsible for the information contained therein.
