Tyler Technologies, Inc.

NYSE:TYL   3:59:56 PM EDT
391.57
-7.38 (-1.85%)
Debt Financing / Related, Equity Financing / Related

Tyler Technologies Prices Offering Of $525 Mln Convertible Senior Notes

Published: 03/05/2021 05:16 GMT
Tyler Technologies, Inc. (TYL) - Tyler Technologies, Inc. Prices Offering of $525 Million Convertible Senior Notes Due 2026.
Pricing of Its Offering of $525,000,000 Aggregate Principal Amount of 0.25% Convertible Senior Notes Due 2026.
Tyler Will Not Issue Any Convertible Senior Notes Due 2028.
Issuance and Sale of Notes Are Scheduled to Settle on March 9, 2021.
Tyler Estimates That Net Proceeds From Offering Will Be Approximately $516.6 Million.
Tyler Technologies- Tyler Intends to Use Net Proceeds From Offering to Fund a Portion of Purchase Price of Previously Announced Acquisition of Nic Inc.initial Conversion Rate of Notes is 2.0266 Shares of Common Stock per $1,000 Principal Amount of Notes.