Global law firm K&L Gates LLP advised Tyler Technologies, Inc. (NYSE: TYL), a provider of integrated software and technology services to the public sector, on its offering of US$1.4375 billion aggregate principal amount of 0.50% Convertible Senior Notes due 2031.

The notes were issued 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 included the exercise in full of the option granted to the initial purchasers to purchase up to an additional US$187.5 million aggregate principal amount of notes.

In connection with the offering, Tyler Technologies entered into capped call transactions to increase the effective conversion price of the notes and completed a repurchase of its common stock.

The K&L Gates deal team was led by Charlotte partner Coleman Wombwell and included Nashville partner Lauren Ammons, New York partner Anthony Nolan, Charlotte partner Sean Jones, Wilmington partner Kelly Terribile, Boston partner Lance Dial, and Pittsburgh partner Steven Barge, as well as Nashville associates Justin Kleckner and Mary Blomquist, Miami associate Stephen Vinson, Pittsburgh associate Vicki Wu, and New York associate Mollie Carney.

“This transaction reflects a longstanding relationship with Tyler Technologies and required close coordination across capital markets, derivatives, tax, and regulatory disciplines,” Wombwell said. “We were pleased to support Tyler in executing a complex financing that advances its strategic objectives.”

“K&L Gates has been a valued legal advisor to Tyler Technologies, and their team brought thoughtful guidance and strong coordination to this transaction,” said Brian Miller, Tyler’s executive vice president and chief financial officer. “Their understanding of our business and ability to manage a complex financing process helped us move efficiently and support our long-term strategic objectives.”

K&L Gates’ Corporate practice is one of the most substantial in the legal industry, with hundreds of lawyers in offices across the globe providing clients with practical legal solutions in the structuring, financing, and closing of domestic, international, and cross-border transactions.