Latham & Watkins Advises on Tyler Technologies’ Upsized US$1.25 Billion Convertible Senior Notes Offering

Tyler Technologies, Inc. (NYSE: TYL) announced the pricing of its offering of US$1.25 billion aggregate principal amount of 0.5% convertible senior notes due 2031 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933. The offering size was increased from the previously announced offering size of US$1 billion aggregate principal amount of notes. The issuance and sale of the notes are scheduled to settle on May 14, 2026, subject to customary closing conditions. Tyler also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional US$187.5 million aggregate principal amount of notes.

Latham & Watkins LLP represents the initial purchasers in the offering with a Capital Markets team led by partners Greg Rodgers and Ryan Gold, with associates Paul Lau, Steve Hess, and Helen Zhang. Advice was also provided on derivatives matters by partners Reza Mojtabaee-Zamani and Eric Rice, with associate Henry Lin and assistance from Rebecca Claiborne Kientz; and on tax matters by partner Elena Romanova, with associate Jack Santoro.