Tyler Technologies Enhances Financial Flexibility with New $700M Credit Facility

Tyler Technologies ( (TYL) ) has issued an announcement.

Tyler Technologies has secured a new $700 million unsecured revolving credit agreement with Wells Fargo Bank and other lenders, replacing its previous $500 million facility and extending the maturity date to September 25, 2029. This flexible financial tool allows Tyler to prepay loans without penalties, request additional funds, and is guaranteed by its significant subsidiaries. Interest rates on the credit facility are tied to Tyler’s leverage ratio, and the credit can be used for a range of corporate purposes, including acquisitions and capital expenditures.

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