K&L Gates Advises Tyler Technologies on US$1.4375 Billion Convertible Notes Offering

K&L Gates LLP has successfully advised Tyler Technologies, Inc. on its recent offering of US$1.4375 billion in 0.50% Convertible Senior Notes due 2031. This private offering was made to qualified institutional buyers under Rule 144A of the Securities Act of 1933 and included an additional US$187.5 million in notes due to the exercise of an option by the initial purchasers. To enhance the effective conversion price of the notes, Tyler Technologies also entered into capped call transactions and repurchased its common stock. The deal was led by partner Coleman Wombwell and involved a coordinated effort from various partners and associates across multiple offices. This transaction underscores K&L Gates’ longstanding relationship with Tyler Technologies and highlights the firm’s expertise in managing complex financing processes that align with clients’ strategic goals.