{"version":"company-facts.v1","source":"https://secwatch.observer","generated_at":"2026-07-11T14:17:16.964411+00:00","company":{"ticker":"TXNM","cik":1108426,"company_name":"TXNM ENERGY INC"},"pagination":{"limit":100,"returned":78,"next_cursor":null},"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer","counterparties":{"contract_counterparty":[{"display_name":"U.S. Bank Trust Company, National Association","detail":"notes_offering","count":4,"first_seen":"2022-05-16T23:59:59+00:00","last_seen":"2025-12-19T23:59:59+00:00","evidence_fact_ids":[116417,126799,130061,211045]},{"display_name":"Wells Fargo Bank, National Association","detail":"credit_facility","count":4,"first_seen":"2024-04-01T23:59:59+00:00","last_seen":"2025-12-19T23:59:59+00:00","evidence_fact_ids":[63741,63742,63743,116418]},{"display_name":"the institutional investors party thereto","detail":"notes_offering","count":2,"first_seen":"2023-04-28T23:59:59+00:00","last_seen":"2023-04-28T23:59:59+00:00","evidence_fact_ids":[161447,161448]},{"display_name":"Avangrid, Inc.","detail":"merger","count":1,"first_seen":"2023-04-12T23:59:59+00:00","last_seen":"2023-04-12T23:59:59+00:00","evidence_fact_ids":[166006]},{"display_name":"Avangrid, Inc., NM Green Holdings, Inc.","detail":"merger","count":1,"first_seen":"2023-06-20T23:59:59+00:00","last_seen":"2023-06-20T23:59:59+00:00","evidence_fact_ids":[136985]},{"display_name":"BofA Securities, Inc., Citigroup Global Markets Inc., MUFG Securities Americas Inc., RBC Capital Markets, LLC, Scotia Capital Inc. and Wells Fargo Securities, LLC, as Sales Agents; and Bank of America, N.A., Citibank, N.A., MUFG Securities EMEA plc, Royal Bank of Canada, The Bank of Nova Scoti","detail":"atm_program","count":1,"first_seen":"2024-05-06T23:59:59+00:00","last_seen":"2024-05-06T23:59:59+00:00","evidence_fact_ids":[55145]},{"display_name":"BofA Securities, Inc., MUFG Securities Americas Inc. and Scotia Capital Inc. and Bank of America, N.A., MUFG Securities EMEA plc and The Bank of Nova Scotia","detail":"atm_program","count":1,"first_seen":"2026-03-03T23:59:59+00:00","last_seen":"2026-03-03T23:59:59+00:00","evidence_fact_ids":[30341]},{"display_name":"BofA Securities, Inc., MUFG Securities Americas Inc., Wells Fargo Securities, LLC, Bank of America, N.A., MUFG Securities EMEA plc, Wells Fargo Bank, N.A.","detail":"atm_program","count":1,"first_seen":"2022-11-10T23:59:59+00:00","last_seen":"2022-11-10T23:59:59+00:00","evidence_fact_ids":[197185]},{"display_name":"PNM Resources, Inc., Avangrid, Inc., and NM Green Holdings, Inc.","detail":"merger","count":1,"first_seen":"2024-01-02T23:59:59+00:00","last_seen":"2024-01-02T23:59:59+00:00","evidence_fact_ids":[84325]},{"display_name":"institutional investors party thereto","detail":"notes_offering","count":1,"first_seen":"2024-03-28T23:59:59+00:00","last_seen":"2024-03-28T23:59:59+00:00","evidence_fact_ids":[64290]},{"display_name":"lenders party thereto and U.S. Bank National Association","detail":"credit_facility","count":1,"first_seen":"2024-05-10T23:59:59+00:00","last_seen":"2024-05-10T23:59:59+00:00","evidence_fact_ids":[47813]},{"display_name":"the initial purchasers party thereto","detail":"underwriting","count":1,"first_seen":"2025-12-10T23:59:59+00:00","last_seen":"2025-12-10T23:59:59+00:00","evidence_fact_ids":[130062]},{"display_name":"the lenders party thereto and Wells Fargo Bank, National Association","detail":"credit_facility","count":1,"first_seen":"2023-07-03T23:59:59+00:00","last_seen":"2023-07-03T23:59:59+00:00","evidence_fact_ids":[133822]}],"lender":[{"display_name":"Wells Fargo Bank, National Association","detail":"credit_facility","count":4,"first_seen":"2025-05-19T23:59:59+00:00","last_seen":"2025-05-19T23:59:59+00:00","evidence_fact_ids":[86788,86789,86790,86791]},{"display_name":"U.S. Bank National Association","detail":"term_loan","count":2,"first_seen":"2024-05-10T23:59:59+00:00","last_seen":"2025-11-10T23:59:59+00:00","evidence_fact_ids":[38336,47824]},{"display_name":"bondholders","detail":"revolving_credit","count":2,"first_seen":"2025-05-19T23:59:59+00:00","last_seen":"2025-05-19T23:59:59+00:00","evidence_fact_ids":[86792,86793]},{"display_name":"the institutional investors parties thereto","detail":"senior_notes","count":2,"first_seen":"2025-04-23T23:59:59+00:00","last_seen":"2025-04-23T23:59:59+00:00","evidence_fact_ids":[102825,102826]},{"display_name":"U.S. Bank Trust Company, National Association","detail":"mortgage","count":1,"first_seen":"2022-05-16T23:59:59+00:00","last_seen":"2022-05-16T23:59:59+00:00","evidence_fact_ids":[211046]},{"display_name":"Wells Fargo Bank, National Association as Administrative Agent and lenders","detail":"term_loan","count":1,"first_seen":"2023-07-03T23:59:59+00:00","last_seen":"2023-07-03T23:59:59+00:00","evidence_fact_ids":[133823]}]},"facts":[{"fact_type":"shareholder_vote","fact_key":"a5c30dc287c249f54b09643b68fb95f28bbf7c80","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2026-06-11T20:20:48+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2026-06-10","outcome":"passed","proposal_text":"Advisory vote to approve the compensation of TXNM’s NEOs","proposal_type":"say_on_pay","results":[{"broker_non_votes":"8,334,413","subject":null,"votes_abstain":"156,227","votes_against":"1,167,803","votes_for":"88,014,281","votes_withheld":null}]},"claim":"TXNM ENERGY INC shareholders approved Advisory vote to approve the compensation of TXNM’s NEOs at the 2026-06-10 meeting.","evidence_excerpt":"TXNM's shareholders approved, on an advisory basis, the compensation of TXNM’s NEOs, by the vote indicated below: Votes For Votes Against Abstentions Broker Non-Votes 88,014,281 1,167,803 156,227 8,334,413","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001108426-26-000033","anchor_url":"https://secwatch.observer/filing/0001108426-26-000033#claim-a5c30dc287c249f54b09643b68fb95f28bbf7c80","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842626000033/0001108426-26-000033-index.htm"},{"fact_type":"shareholder_vote","fact_key":"aea4a1c234f80e7026aa3663168489fbae46e466","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2026-06-11T20:20:48+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2026-06-10","outcome":"passed","proposal_text":"Ratification of KPMG LLP as TXNM’s independent public accountants for the year ending December 31, 2026","proposal_type":"auditor_ratification","results":[{"broker_non_votes":null,"subject":null,"votes_abstain":"130,864","votes_against":"356,222","votes_for":"97,185,638","votes_withheld":null}]},"claim":"TXNM ENERGY INC shareholders approved Ratification of KPMG LLP as TXNM’s independent public accountants for the year ending December 31, 2026 at the 2026-06-10 meeting.","evidence_excerpt":"The appointment of KPMG LLP to serve as TXNM’s independent public accountants for the year ending December 31, 2026, was ratified by TXNM’s shareholders by the vote indicated below: Votes For Votes Against Abstentions 97,185,638 356,222 130,864","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001108426-26-000033","anchor_url":"https://secwatch.observer/filing/0001108426-26-000033#claim-aea4a1c234f80e7026aa3663168489fbae46e466","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842626000033/0001108426-26-000033-index.htm"},{"fact_type":"shareholder_vote","fact_key":"c53faa8d6a01ac5c84c512a651e6d5e7b74301d3","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2026-06-11T20:20:48+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2026-06-10","outcome":"passed","proposal_text":"Election of 10 directors to serve for a one-year term expiring in 2027","proposal_type":"director_election","results":[{"broker_non_votes":"8,334,413","subject":"Vicky A. Bailey","votes_abstain":"105,736","votes_against":"525,533","votes_for":"88,707,042","votes_withheld":null},{"broker_non_votes":"8,334,413","subject":"Norman P. Becker","votes_abstain":"117,684","votes_against":"348,411","votes_for":"88,872,216","votes_withheld":null},{"broker_non_votes":"8,334,413","subject":"Patricia K. Collawn","votes_abstain":"111,348","votes_against":"1,378,787","votes_for":"87,848,176","votes_withheld":null},{"broker_non_votes":"8,334,413","subject":"E. Renae Conley","votes_abstain":"105,774","votes_against":"1,053,246","votes_for":"88,179,291","votes_withheld":null},{"broker_non_votes":"8,334,413","subject":"Sidney M. Gutierrez","votes_abstain":"115,477","votes_against":"565,794","votes_for":"88,657,040","votes_withheld":null},{"broker_non_votes":"8,334,413","subject":"James A. Hughes","votes_abstain":"130,601","votes_against":"471,779","votes_for":"88,735,931","votes_withheld":null},{"broker_non_votes":"8,334,413","subject":"Steven C. Maestas","votes_abstain":"108,801","votes_against":"165,870","votes_for":"89,063,640","votes_withheld":null},{"broker_non_votes":"8,334,413","subject":"Lillian J. Montoya","votes_abstain":"108,321","votes_against":"435,066","votes_for":"88,794,924","votes_withheld":null},{"broker_non_votes":"8,334,413","subject":"Maureen T. Mullarkey","votes_abstain":"105,425","votes_against":"990,345","votes_for":"88,242,541","votes_withheld":null},{"broker_non_votes":"8,334,413","subject":"Joseph D. Tarry","votes_abstain":"111,770","votes_against":"342,093","votes_for":"88,884,448","votes_withheld":null}]},"claim":"TXNM ENERGY INC shareholders approved Election of 10 directors to serve for a one-year term expiring in 2027 at the 2026-06-10 meeting.","evidence_excerpt":"The following nominees were elected to TXNM’s Board of Directors to serve as directors for a one-year term that expires at TXNM’s Annual Meeting of Shareholders to be held in 2027. The votes cast with respect to the nominees presented at the Meeting were as follows: Nominees Votes For Votes Against Abstentions Broker Non-Votes Vicky A. Bailey 88,707,042 525,533 105,736 8,334,413 Norman P. Becker 88,872,216 348,411 117,684 8,334,413 Patricia K. Collawn 87,848,176 1,378,787 111,348 8,334,413 E. Renae Conley 88,179,291 1,053,246 105,774 8,334,413 Sidney M. Gutierrez 88,657,040 565,794 115,477 8,334,413 James A. Hughes 88,735,931 471,779 130,601 8,334,413 Steven C. Maestas 89,063,640 165,870 108,801 8,334,413 Lillian J. Montoya 88,794,924 435,066 108,321 8,334,413 Maureen T. Mullarkey 88,242,541 990,345 105,425 8,334,413 Joseph D. Tarry 88,884,448 342,093 111,770 8,334,413","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001108426-26-000033","anchor_url":"https://secwatch.observer/filing/0001108426-26-000033#claim-c53faa8d6a01ac5c84c512a651e6d5e7b74301d3","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842626000033/0001108426-26-000033-index.htm"},{"fact_type":"earnings_release","fact_key":"fe1ef2661808b24268aded303f9fd27ba2a7980f","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2026-05-01T23:59:59+00:00","payload":{"eps_text":"$0.03 per diluted share","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"$3.7","period_text":"first quarter 2026","report_date":"2026-05-01","result_type":"reported_results","revenue_text":null},"claim":"TXNM ENERGY INC reported first quarter 2026 results: net income $3.7, EPS $0.03 per diluted share.","evidence_excerpt":"TXNM Energy (In millions, except EPS) Q1 2026 Q1 2025 GAAP net earnings attributable to TXNM Energy $3.7 $8.9 GAAP diluted EPS $0.03 $0.10 Ongoing net earnings $23.8 $18.1 Ongoing diluted EPS $0.21 $0.19","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001108426-26-000024","anchor_url":"https://secwatch.observer/filing/0001108426-26-000024#claim-fe1ef2661808b24268aded303f9fd27ba2a7980f","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842626000024/0001108426-26-000024-index.htm"},{"fact_type":"material_agreement","fact_key":"0c6d5abd23ab9ddb10ac3bbaac3c8b6a97846736","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2026-03-03T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Distribution Agreement","agreement_type":"atm_program","counterparty":"BofA Securities, Inc., MUFG Securities Americas Inc. and Scotia Capital (USA) Inc. (each, a \"Sales Agent\" and collectively, the \"Sales Agents\") and Bank of America, N.A., MUFG Securities EMEA plc and The Bank of Nova Scotia, as Forward Purchasers","effective_date":"2026-03-03","item_codes_triggered":["1.01"],"value_text":"$125 million"},"claim":"TXNM ENERGY INC entered into Distribution Agreement with BofA Securities, Inc., MUFG Securities Americas Inc. and Scotia Capital (USA) Inc. (each, a \"Sales Agent\" and collectively, the \"Sales Agents\") and Bank of America, N.A., MUFG Securities EMEA plc and The Bank of Nova Scotia, as Forward Purchasers valued at $125 million (effective 2026-03-03).","evidence_excerpt":"On March 3, 2026, TXNM Energy, Inc. (the “Company”) entered into a Distribution Agreement (the “Distribution Agreement”) with BofA Securities, Inc., MUFG Securities Americas Inc. and Scotia Capital (USA) Inc. (each, a “Sales Agent” and collectively, the “Sales Agents”) and Bank of America, N.A., MUFG Securities EMEA plc and The Bank of Nova Scotia, as Forward Purchasers (each, a “Forward Purchaser” and collectively, the “Forward Purchasers”), pursuant to which the Company may sell, from time to time, up to an aggregate sales price of $125 million of its common stock, no par value (the “Shares”), through the Sales Agents.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001108426-26-000010","anchor_url":"https://secwatch.observer/filing/0001108426-26-000010#claim-0c6d5abd23ab9ddb10ac3bbaac3c8b6a97846736","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842626000010/0001108426-26-000010-index.htm"},{"fact_type":"material_agreement","fact_key":"3830cb8f5b9f95b90d6c409efde1706f116f3fd0","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2025-12-19T23:59:59+00:00","payload":{"action":"amendment","agreement_name":"Fifteenth Amendment to Credit Agreement","agreement_type":"credit_facility","counterparty":"Wells Fargo Bank, National Association","effective_date":"2025-12-19","item_codes_triggered":["1.01"],"value_text":"$300.0 million"},"claim":"TXNM ENERGY INC amended Fifteenth Amendment to Credit Agreement with Wells Fargo Bank, National Association valued at $300.0 million (effective 2025-12-19).","evidence_excerpt":"On December 19, 2025, TXNM entered into a Fifteenth Amendment to Credit Agreement (the “TXNM Revolver Amendment”) amending its $300.0 million revolving credit agreement (as amended, the “TXNM Revolver”), among TXNM, the lenders party thereto and Wells Fargo Bank, National Association (“Wells Fargo”), as administrative agent, which has an initial maturity date of March 30, 2029 with two extension options that each allow for an extension of the maturity for one additional year (the “TXNM Extension Options”).","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001108426-25-000122","anchor_url":"https://secwatch.observer/filing/0001108426-25-000122#claim-3830cb8f5b9f95b90d6c409efde1706f116f3fd0","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842625000122/0001108426-25-000122-index.htm"},{"fact_type":"material_agreement","fact_key":"cb33816ab804bcf0fc3cd08ac34f8c0286fd62a6","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2025-12-19T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Twenty-Sixth Supplemental Indenture","agreement_type":"notes_offering","counterparty":"U.S. Bank Trust Company, National Association","effective_date":"2025-12-18","item_codes_triggered":["1.01"],"value_text":"$70,000,000 aggregate principal amount of its 4.69% First Mortgage Bonds, due December 18, 2031, Ser"},"claim":"TXNM ENERGY INC entered into Twenty-Sixth Supplemental Indenture with U.S. Bank Trust Company, National Association valued at $70,000,000 aggregate principal amount of its 4.69% First Mortgage Bonds, due December 18, 2031, Ser (effective 2025-12-18).","evidence_excerpt":"On December 18, 2025, TXNM Energy, Inc.’s (“TXNM”) indirect wholly-owned subsidiary, Texas-New Mexico Power Company (“TNMP”), issued $70,000,000 aggregate principal amount of its 4.69% First Mortgage Bonds, due December 18, 2031, Series 2025H (the “2025H Bonds”) in a private placement in reliance on an exemption from registration under the Securities Act of 1933, as amended (the “Securities Act”).","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001108426-25-000122","anchor_url":"https://secwatch.observer/filing/0001108426-25-000122#claim-cb33816ab804bcf0fc3cd08ac34f8c0286fd62a6","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842625000122/0001108426-25-000122-index.htm"},{"fact_type":"material_agreement","fact_key":"226800e384eba821bfe0c3b7b1bb8f7513c7f3ae","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2025-12-10T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Purchase Agreement","agreement_type":"underwriting","counterparty":"the initial purchasers party thereto","effective_date":"2025-12-08","item_codes_triggered":["1.01"],"value_text":null},"claim":"TXNM ENERGY INC entered into Purchase Agreement with the initial purchasers party thereto (effective 2025-12-08).","evidence_excerpt":"The Notes were sold under a Purchase Agreement (the “Purchase Agreement”) dated December 8, 2025 among the Company and the initial purchasers party thereto.","confidence":0.7,"filing_url":"https://secwatch.observer/filing/0001108426-25-000120","anchor_url":"https://secwatch.observer/filing/0001108426-25-000120#claim-226800e384eba821bfe0c3b7b1bb8f7513c7f3ae","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842625000120/0001108426-25-000120-index.htm"},{"fact_type":"material_agreement","fact_key":"f05f7cb19624034e65219d03941b197a9bf628d4","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2025-12-10T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Indenture","agreement_type":"notes_offering","counterparty":"U.S. Bank Trust Company, National Association, as trustee","effective_date":"2025-12-10","item_codes_triggered":["1.01"],"value_text":"$350,000,000"},"claim":"TXNM ENERGY INC entered into Indenture with U.S. Bank Trust Company, National Association, as trustee valued at $350,000,000 (effective 2025-12-10).","evidence_excerpt":"On December 10, 2025, TXNM Energy, Inc. (the “Company”) issued $350,000,000 aggregate principal amount of its 7.000% Fixed-to-Fixed Reset Rate Junior Subordinated Convertible Notes due 2056 (the “Notes”) pursuant to an Indenture (the “Indenture”), dated as of December 10, 2025, between the Company and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001108426-25-000120","anchor_url":"https://secwatch.observer/filing/0001108426-25-000120#claim-f05f7cb19624034e65219d03941b197a9bf628d4","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842625000120/0001108426-25-000120-index.htm"},{"fact_type":"debt_financing","fact_key":"ea51d80344d6ee62f89763c8f7f6f6c882eb480e","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2025-12-10T23:59:59+00:00","payload":{"counterparty":"initial purchasers","effective_date":"2025-12-10","event":"incurrence","instrument_type":"convertible_notes","interest_rate_text":"7.000% per annum from and including December 10, 2025 to but excluding July 31,","item_codes_triggered":["2.03"],"maturity_text":"July 31, 2056","principal_text":"$350,000,000"},"claim":"TXNM ENERGY INC incurred convertible notes of $350,000,000 with initial purchasers at 7.000% per annum from and including December 10, 2025 to but excluding July 31, maturing July 31, 2056.","evidence_excerpt":"On December 10, 2025, TXNM Energy, Inc. (the “Company”) issued $350,000,000 aggregate principal amount of its 7.000% Fixed-to-Fixed Reset Rate Junior Subordinated Convertible Notes due 2056 (the “Notes”) pursuant to an Indenture (the “Indenture”), dated as of December 10, 2025, between the Company and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).","confidence":1.0,"filing_url":"https://secwatch.observer/filing/0001108426-25-000120","anchor_url":"https://secwatch.observer/filing/0001108426-25-000120#claim-ea51d80344d6ee62f89763c8f7f6f6c882eb480e","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842625000120/0001108426-25-000120-index.htm"},{"fact_type":"debt_financing","fact_key":"e74fbe2eea920c1fc824f345417b191b45dc3473","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2025-11-18T23:59:59+00:00","payload":{"counterparty":"institutional accredited investors","effective_date":"2025-11-18","event":"incurrence","instrument_type":"senior_notes","interest_rate_text":"4.69% per annum","item_codes_triggered":["2.03"],"maturity_text":"December 18, 2031","principal_text":"$70,000,000 aggregate principal amount"},"claim":"TXNM ENERGY INC incurred senior notes of $70,000,000 aggregate principal amount with institutional accredited investors at 4.69% per annum maturing December 18, 2031.","evidence_excerpt":"agreed to issue $70,000,000 aggregate principal amount of its 4.69% First Mortgage Bonds, due December 18, 2031","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001108426-25-000116","anchor_url":"https://secwatch.observer/filing/0001108426-25-000116#claim-e74fbe2eea920c1fc824f345417b191b45dc3473","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842625000116/0001108426-25-000116-index.htm"},{"fact_type":"debt_financing","fact_key":"1263b9978dc7a11ba1d64430d8906f11509980be","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2025-11-10T23:59:59+00:00","payload":{"counterparty":"U.S. Bank National Association","effective_date":"2025-11-10","event":"incurrence","instrument_type":"term_loan","interest_rate_text":null,"item_codes_triggered":["2.03"],"maturity_text":"May 10, 2027","principal_text":"$120.0 million"},"claim":"TXNM ENERGY INC incurred term loan of $120.0 million with U.S. Bank National Association maturing May 10, 2027.","evidence_excerpt":"entered into a $120.0 million term loan agreement (the \"Term Loan\"), among PNM, the lenders party thereto and U.S. Bank National Association, as administrative agent","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001108426-25-000114","anchor_url":"https://secwatch.observer/filing/0001108426-25-000114#claim-1263b9978dc7a11ba1d64430d8906f11509980be","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842625000114/0001108426-25-000114-index.htm"},{"fact_type":"debt_financing","fact_key":"8b84b916912187f2af3b9dc384df2d488143909a","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2025-07-22T23:59:59+00:00","payload":{"counterparty":"institutional accredited investors","effective_date":"2025-07-21","event":"incurrence","instrument_type":"senior_notes","interest_rate_text":"5.93%","item_codes_triggered":["2.03"],"maturity_text":"July 31, 2045","principal_text":"$154,300,000 aggregate principal amount"},"claim":"TXNM ENERGY INC incurred senior notes of $154,300,000 aggregate principal amount with institutional accredited investors at 5.93% maturing July 31, 2045.","evidence_excerpt":"$154,300,000 aggregate principal amount of its 5.93% First Mortgage Bonds, due July 31, 2045, Series 2025F","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001108426-25-000074","anchor_url":"https://secwatch.observer/filing/0001108426-25-000074#claim-8b84b916912187f2af3b9dc384df2d488143909a","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842625000074/0001108426-25-000074-index.htm"},{"fact_type":"debt_financing","fact_key":"a53abc07f76e0046c32096c82dcb10f3fdcac7b7","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2025-07-22T23:59:59+00:00","payload":{"counterparty":"institutional accredited investors","effective_date":"2025-07-21","event":"incurrence","instrument_type":"senior_notes","interest_rate_text":"5.54%","item_codes_triggered":["2.03"],"maturity_text":"July 31, 2037","principal_text":"$100,000,000 aggregate principal amount"},"claim":"TXNM ENERGY INC incurred senior notes of $100,000,000 aggregate principal amount with institutional accredited investors at 5.54% maturing July 31, 2037.","evidence_excerpt":"$100,000,000 aggregate principal amount of its 5.54% First Mortgage Bonds, due July 31, 2037, Series 2025E","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001108426-25-000074","anchor_url":"https://secwatch.observer/filing/0001108426-25-000074#claim-a53abc07f76e0046c32096c82dcb10f3fdcac7b7","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842625000074/0001108426-25-000074-index.htm"},{"fact_type":"debt_financing","fact_key":"2c5e7966cbb44188e865c95924a1cc85c004821e","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2025-07-22T23:59:59+00:00","payload":{"counterparty":"institutional accredited investors","effective_date":"2025-07-21","event":"incurrence","instrument_type":"senior_notes","interest_rate_text":"5.44%","item_codes_triggered":["2.03"],"maturity_text":"July 31, 2035","principal_text":"$240,000,000 aggregate principal amount"},"claim":"TXNM ENERGY INC incurred senior notes of $240,000,000 aggregate principal amount with institutional accredited investors at 5.44% maturing July 31, 2035.","evidence_excerpt":"$240,000,000 aggregate principal amount of its 5.44% First Mortgage Bonds, due July 31, 2035, Series 2025D","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001108426-25-000074","anchor_url":"https://secwatch.observer/filing/0001108426-25-000074#claim-2c5e7966cbb44188e865c95924a1cc85c004821e","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842625000074/0001108426-25-000074-index.htm"},{"fact_type":"debt_financing","fact_key":"63d4c13bf760b7f78277589a3477e39fdb1b0959","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2025-07-22T23:59:59+00:00","payload":{"counterparty":"institutional accredited investors","effective_date":"2025-07-21","event":"incurrence","instrument_type":"senior_notes","interest_rate_text":"5.12%","item_codes_triggered":["2.03"],"maturity_text":"July 31, 2032","principal_text":"$245,000,000 aggregate principal amount"},"claim":"TXNM ENERGY INC incurred senior notes of $245,000,000 aggregate principal amount with institutional accredited investors at 5.12% maturing July 31, 2032.","evidence_excerpt":"$245,000,000 aggregate principal amount of its 5.12% First Mortgage Bonds, due July 31, 2032, Series 2025C","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001108426-25-000074","anchor_url":"https://secwatch.observer/filing/0001108426-25-000074#claim-63d4c13bf760b7f78277589a3477e39fdb1b0959","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842625000074/0001108426-25-000074-index.htm"},{"fact_type":"debt_financing","fact_key":"568176af816b4b3821f9404c7fa161c734edb18f","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2025-07-22T23:59:59+00:00","payload":{"counterparty":"institutional accredited investors","effective_date":"2025-07-21","event":"incurrence","instrument_type":"senior_notes","interest_rate_text":"4.83%","item_codes_triggered":["2.03"],"maturity_text":"July 31, 2030","principal_text":"$245,000,000 aggregate principal amount"},"claim":"TXNM ENERGY INC incurred senior notes of $245,000,000 aggregate principal amount with institutional accredited investors at 4.83% maturing July 31, 2030.","evidence_excerpt":"On July 21, 2025, TXNM Energy, Inc.'s indirect wholly-owned subsidiary, Texas-New Mexico Power Company (“TNMP”), issued $245,000,000 aggregate principal amount of its 4.83% First Mortgage Bonds, due July 31, 2030, Series 2025B","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001108426-25-000074","anchor_url":"https://secwatch.observer/filing/0001108426-25-000074#claim-568176af816b4b3821f9404c7fa161c734edb18f","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842625000074/0001108426-25-000074-index.htm"},{"fact_type":"executive_change","fact_key":"7da8f6d117","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2025-05-27T23:59:59+00:00","payload":{"action":"announced retirement","action_category":"departure","departure_tone":"retirement","effective_date":null,"interim":false,"role":"Senior Vice President, Finance","role_category":"other_named_officer","successor_name":null,"successor_named":false},"claim":"Elisabeth A. Eden departed as Senior Vice President, Finance at TXNM ENERGY INC.","evidence_excerpt":"Ms. Elisabeth A. Eden, Senior Vice President, Finance, announced her intention to retire, effective as of a date that is mutually agreeable between Ms. Eden and TXNM.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001108426-25-000056","anchor_url":"https://secwatch.observer/filing/0001108426-25-000056#claim-7da8f6d117","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842625000056/0001108426-25-000056-index.htm"},{"fact_type":"debt_financing","fact_key":"c66e4570e5d73bc1a0f59ec164ddd4acc539765b","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2025-05-19T23:59:59+00:00","payload":{"counterparty":"bondholders","effective_date":"2025-05-18","event":"acceleration","instrument_type":"other","interest_rate_text":null,"item_codes_triggered":["2.04"],"maturity_text":null,"principal_text":"$1.505 billion"},"claim":"TXNM ENERGY INC faced acceleration on debt of $1.505 billion with bondholders.","evidence_excerpt":"The $1.505 billion of outstanding TNMP FMBs obligate TNMP to offer to prepay within 30 days following the signing of the Merger Agreement all of the $1.505 billion TNMP FMBs at one hundred percent (100%) of the principal amount of the TNMP FMBs, plus all accrued and unpaid interest thereon, but without any make-whole amount or other premium (the “Offer to Prepay”).","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001108426-25-000048","anchor_url":"https://secwatch.observer/filing/0001108426-25-000048#claim-c66e4570e5d73bc1a0f59ec164ddd4acc539765b","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842625000048/0001108426-25-000048-index.htm"},{"fact_type":"debt_financing","fact_key":"61f849fe01b9d9c6ff5d20645172ad63da8420cf","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2025-05-19T23:59:59+00:00","payload":{"counterparty":"bondholders","effective_date":"2025-05-18","event":"acceleration","instrument_type":"revolving_credit","interest_rate_text":null,"item_codes_triggered":["2.04"],"maturity_text":null,"principal_text":"$1.505 billion"},"claim":"TXNM ENERGY INC faced acceleration on revolving credit of $1.505 billion with bondholders.","evidence_excerpt":"TNMP has $1.505 billion of outstanding First Mortgage Bonds (“TNMP FMBs”) that include a “Bond Repurchase Event” provision. If TNMP is unable to obtain the amendment waiving the Event of Default under the TNMP Revolver within 15 calendar days of the signing the Merger Agreement, a “Bond Repurchase Event” will occur. If a “Bond Repurchase Event” occurs and is continuing, TNMP must repurchase the TNMP FMBs for a purchase price equal to the aggregate principal amount of the TNMP FMBs then outstanding, plus all accrued and unpaid interest thereon and a make-whole amount determined for the Bond Repurchase Event date with respect to such principal amount.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001108426-25-000048","anchor_url":"https://secwatch.observer/filing/0001108426-25-000048#claim-61f849fe01b9d9c6ff5d20645172ad63da8420cf","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842625000048/0001108426-25-000048-index.htm"},{"fact_type":"debt_financing","fact_key":"41e52e5b8e569f537bbd7a4c0d2e44fb412e7430","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2025-05-19T23:59:59+00:00","payload":{"counterparty":"Wells Fargo Bank, National Association","effective_date":"2025-05-18","event":"acceleration","instrument_type":"revolving_credit","interest_rate_text":null,"item_codes_triggered":["2.04"],"maturity_text":"March 30, 2029","principal_text":"$200 million"},"claim":"TXNM ENERGY INC faced acceleration on revolving credit of $200 million with Wells Fargo Bank, National Association maturing March 30, 2029.","evidence_excerpt":"The execution of the Merger Agreement constitutes a “Change of Control” under the following outstanding TXNM and TNMP credit facilities: • $300.0 million Twelfth Amendment to and Restatement of Credit Agreement, dated as of April 1, 2024, by and among TXNM, the lenders party thereto, and Wells Fargo Bank, National Association, as administrative agent, as amended by that certain Thirteenth Amendment to Credit Agreement dated as of June 24, 2024, maturing March 30, 2029; • $500.0 million Term Loan Agreement, dated as of June 30, 2023, by and among TXNM, the lenders party thereto, and Wells Fargo Bank, National Association, as administrative agent, maturing June 30, 2026; • $30.3 million Standby Letter of Credit facility between TXNM and Wells Fargo Bank, National Association, dated as of August 21, 2020; and • $200 million Credit Agreement dated as of April 1, 2024, by and among TNMP, the lenders party thereto identified therein and Wells Fargo Bank, National Association, as administrati","confidence":0.98,"filing_url":"https://secwatch.observer/filing/0001108426-25-000048","anchor_url":"https://secwatch.observer/filing/0001108426-25-000048#claim-41e52e5b8e569f537bbd7a4c0d2e44fb412e7430","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842625000048/0001108426-25-000048-index.htm"},{"fact_type":"debt_financing","fact_key":"a4514d4b9584f8e86fc7bd3b31e9bbefc5ee380a","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2025-05-19T23:59:59+00:00","payload":{"counterparty":"Wells Fargo Bank, National Association","effective_date":"2025-05-18","event":"acceleration","instrument_type":"credit_facility","interest_rate_text":null,"item_codes_triggered":["2.04"],"maturity_text":null,"principal_text":"$30.3 million"},"claim":"TXNM ENERGY INC faced acceleration on credit facility of $30.3 million with Wells Fargo Bank, National Association.","evidence_excerpt":"The execution of the Merger Agreement constitutes a “Change of Control” under the following outstanding TXNM and TNMP credit facilities: • $300.0 million Twelfth Amendment to and Restatement of Credit Agreement, dated as of April 1, 2024, by and among TXNM, the lenders party thereto, and Wells Fargo Bank, National Association, as administrative agent, as amended by that certain Thirteenth Amendment to Credit Agreement dated as of June 24, 2024, maturing March 30, 2029; • $500.0 million Term Loan Agreement, dated as of June 30, 2023, by and among TXNM, the lenders party thereto, and Wells Fargo Bank, National Association, as administrative agent, maturing June 30, 2026; • $30.3 million Standby Letter of Credit facility between TXNM and Wells Fargo Bank, National Association, dated as of August 21, 2020; and • $200 million Credit Agreement dated as of April 1, 2024, by and among TNMP, the lenders party thereto identified therein and Wells Fargo Bank, National Association, as administrati","confidence":0.98,"filing_url":"https://secwatch.observer/filing/0001108426-25-000048","anchor_url":"https://secwatch.observer/filing/0001108426-25-000048#claim-a4514d4b9584f8e86fc7bd3b31e9bbefc5ee380a","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842625000048/0001108426-25-000048-index.htm"},{"fact_type":"debt_financing","fact_key":"5c5461f8f1577639619f11d91b0a3d0126e08cc8","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2025-05-19T23:59:59+00:00","payload":{"counterparty":"Wells Fargo Bank, National Association","effective_date":"2025-05-18","event":"acceleration","instrument_type":"term_loan","interest_rate_text":null,"item_codes_triggered":["2.04"],"maturity_text":"June 30, 2026","principal_text":"$500.0 million"},"claim":"TXNM ENERGY INC faced acceleration on term loan of $500.0 million with Wells Fargo Bank, National Association maturing June 30, 2026.","evidence_excerpt":"The execution of the Merger Agreement constitutes a “Change of Control” under the following outstanding TXNM and TNMP credit facilities: • $300.0 million Twelfth Amendment to and Restatement of Credit Agreement, dated as of April 1, 2024, by and among TXNM, the lenders party thereto, and Wells Fargo Bank, National Association, as administrative agent, as amended by that certain Thirteenth Amendment to Credit Agreement dated as of June 24, 2024, maturing March 30, 2029; • $500.0 million Term Loan Agreement, dated as of June 30, 2023, by and among TXNM, the lenders party thereto, and Wells Fargo Bank, National Association, as administrative agent, maturing June 30, 2026; • $30.3 million Standby Letter of Credit facility between TXNM and Wells Fargo Bank, National Association, dated as of August 21, 2020; and • $200 million Credit Agreement dated as of April 1, 2024, by and among TNMP, the lenders party thereto identified therein and Wells Fargo Bank, National Association, as administrati","confidence":0.98,"filing_url":"https://secwatch.observer/filing/0001108426-25-000048","anchor_url":"https://secwatch.observer/filing/0001108426-25-000048#claim-5c5461f8f1577639619f11d91b0a3d0126e08cc8","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842625000048/0001108426-25-000048-index.htm"},{"fact_type":"debt_financing","fact_key":"cd740acc0deeea5e39154a1086b9071b91ff166b","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2025-05-19T23:59:59+00:00","payload":{"counterparty":"Wells Fargo Bank, National Association","effective_date":"2025-05-18","event":"acceleration","instrument_type":"credit_facility","interest_rate_text":null,"item_codes_triggered":["2.04"],"maturity_text":"March 30, 2029","principal_text":"$300.0 million"},"claim":"TXNM ENERGY INC faced acceleration on credit facility of $300.0 million with Wells Fargo Bank, National Association maturing March 30, 2029.","evidence_excerpt":"The execution of the Merger Agreement constitutes a “Change of Control” under the following outstanding TXNM and TNMP credit facilities: • $300.0 million Twelfth Amendment to and Restatement of Credit Agreement, dated as of April 1, 2024, by and among TXNM, the lenders party thereto, and Wells Fargo Bank, National Association, as administrative agent, as amended by that certain Thirteenth Amendment to Credit Agreement dated as of June 24, 2024, maturing March 30, 2029; • $500.0 million Term Loan Agreement, dated as of June 30, 2023, by and among TXNM, the lenders party thereto, and Wells Fargo Bank, National Association, as administrative agent, maturing June 30, 2026; • $30.3 million Standby Letter of Credit facility between TXNM and Wells Fargo Bank, National Association, dated as of August 21, 2020; and • $200 million Credit Agreement dated as of April 1, 2024, by and among TNMP, the lenders party thereto identified therein and Wells Fargo Bank, National Association, as administrati","confidence":0.98,"filing_url":"https://secwatch.observer/filing/0001108426-25-000048","anchor_url":"https://secwatch.observer/filing/0001108426-25-000048#claim-cd740acc0deeea5e39154a1086b9071b91ff166b","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842625000048/0001108426-25-000048-index.htm"},{"fact_type":"executive_change","fact_key":"f39340abc8","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2025-05-19T23:59:59+00:00","payload":{"action":"elected","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2025-05-19","interim":false,"role":"Senior Vice President and Chief Financial Officer","role_category":"cfo","successor_name":null,"successor_named":false},"claim":"Henry E. Monroy was elected as Senior Vice President and Chief Financial Officer at TXNM ENERGY INC.","evidence_excerpt":"On May 18, 2025, the Board, upon the recommendation of the Nominating and Governance Committee (“NGC”), elected Henry E. Monroy, Vice President, Regulatory, of TXNM’s wholly-owned utility subsidiary, Public Service Company of New Mexico (“PNM”), as TXNM’s Senior Vice President and Chief Financial Officer (Principal Financial Officer), effective as of May 19, 2025, following Ms. Eden’s retirement from such role.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001108426-25-000048","anchor_url":"https://secwatch.observer/filing/0001108426-25-000048#claim-f39340abc8","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842625000048/0001108426-25-000048-index.htm"},{"fact_type":"executive_change","fact_key":"085b12b762","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2025-05-14T23:59:59+00:00","payload":{"action":"elected","action_category":"role_change","departure_tone":"not_applicable","effective_date":"2025-07-01","interim":false,"role":"Chief Executive Officer and President","role_category":"ceo","successor_name":null,"successor_named":false},"claim":"Joseph D. Tarry was elected as Chief Executive Officer and President at TXNM ENERGY INC.","evidence_excerpt":"elected Joseph D. Tarry, President and Chief Operating Officer, effective as of July 1, 2025, as Chief Executive Officer and President (Principal Executive Officer).","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001108426-25-000038","anchor_url":"https://secwatch.observer/filing/0001108426-25-000038#claim-085b12b762","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842625000038/0001108426-25-000038-index.htm"},{"fact_type":"executive_change","fact_key":"a7a5158a31","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2025-05-14T23:59:59+00:00","payload":{"action":"elected","action_category":"role_change","departure_tone":"not_applicable","effective_date":"2025-07-01","interim":false,"role":"Executive Chairman","role_category":"chair","successor_name":"Joseph D. Tarry","successor_named":true},"claim":"Patricia K. Collawn was elected as Executive Chairman at TXNM ENERGY INC.","evidence_excerpt":"elected Patricia K. Collawn, Chairman and Chief Executive Officer, as Executive Chairman (an executive officer position), effective as of July 1, 2025.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001108426-25-000038","anchor_url":"https://secwatch.observer/filing/0001108426-25-000038#claim-a7a5158a31","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842625000038/0001108426-25-000038-index.htm"},{"fact_type":"debt_financing","fact_key":"b201caaaa0b5321f1a55ddeafd3a4d1cb5bf3eb5","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2025-04-23T23:59:59+00:00","payload":{"counterparty":"the institutional investors parties thereto","effective_date":"2025-04-23","event":"incurrence","instrument_type":"senior_notes","interest_rate_text":"6.13%","item_codes_triggered":["2.03"],"maturity_text":"June 1, 2037","principal_text":"$300.0 million aggregate principal amount"},"claim":"TXNM ENERGY INC incurred senior notes of $300.0 million aggregate principal amount with the institutional investors parties thereto at 6.13% maturing June 1, 2037.","evidence_excerpt":"Agreement On April 23, 2025, PNM entered into a Note Purchase Agreement (the “PNM Note Purchase Agreement”) with the institutional investors parties thereto for the sale of $300.0 million aggregate principal amount of senior unsecured notes in the following series and denominations: (i) $125.0 million aggregate principal amount of its 5.75% Senior Unsecured Notes,","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001108426-25-000027","anchor_url":"https://secwatch.observer/filing/0001108426-25-000027#claim-b201caaaa0b5321f1a55ddeafd3a4d1cb5bf3eb5","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842625000027/0001108426-25-000027-index.htm"},{"fact_type":"debt_financing","fact_key":"7b62b1143b1f7ed626abf0269ce8d263110d5b27","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2025-04-23T23:59:59+00:00","payload":{"counterparty":"the institutional investors parties thereto","effective_date":"2025-04-23","event":"incurrence","instrument_type":"senior_notes","interest_rate_text":"5.75%","item_codes_triggered":["2.03"],"maturity_text":"June 1, 2032","principal_text":"$300.0 million aggregate principal amount"},"claim":"TXNM ENERGY INC incurred senior notes of $300.0 million aggregate principal amount with the institutional investors parties thereto at 5.75% maturing June 1, 2032.","evidence_excerpt":"On April 23, 2025, PNM entered into a Note Purchase Agreement (the “PNM Note Purchase Agreement”) with the institutional investors parties thereto for the sale of $300.0 million aggregate principal amount of senior unsecured notes in the following series and denominations: (i) $125.0 million aggregate principal amount of its 5.75% Senior Unsecured Notes, Series A, due June 1, 2032","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001108426-25-000027","anchor_url":"https://secwatch.observer/filing/0001108426-25-000027#claim-7b62b1143b1f7ed626abf0269ce8d263110d5b27","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842625000027/0001108426-25-000027-index.htm"},{"fact_type":"executive_change","fact_key":"2ef8d797bb","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2024-09-25T23:59:59+00:00","payload":{"action":"announced her intention to retire","action_category":"departure","departure_tone":"retirement","effective_date":null,"interim":false,"role":"Senior Vice President and Chief Financial Officer","role_category":"cfo","successor_name":null,"successor_named":false},"claim":"Elisabeth A. Eden departed as Senior Vice President and Chief Financial Officer at TXNM ENERGY INC.","evidence_excerpt":"On September 20, 2024, Ms. Elisabeth A. Eden announced her intention to retire as Senior Vice President and Chief Financial Officer of TXNM Energy, Inc., a New Mexico corporation (“TXNM”), effective as of a date that is mutually agreeable between Ms. Eden and TXNM after a suitable successor is identified, currently anticipated to be no sooner than March 15, 2025 (the “Effective Date”).","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001108426-24-000091","anchor_url":"https://secwatch.observer/filing/0001108426-24-000091#claim-2ef8d797bb","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842624000091/0001108426-24-000091-index.htm"},{"fact_type":"executive_change","fact_key":"ca0ff24eff","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2024-08-12T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2024-09-16","interim":false,"role":"General Counsel, Senior Vice President Regulatory and Public Policy, and Corporate Secretary","role_category":"general_counsel","successor_name":null,"successor_named":false},"claim":"Brian G. Iverson was appointed as General Counsel, Senior Vice President Regulatory and Public Policy, and Corporate Secretary at TXNM ENERGY INC.","evidence_excerpt":"On August 12, 2024, the Company appointed Brian G. Iverson to succeed Patrick Apodaca as its General Counsel, Senior Vice President Regulatory and Public Policy, and Corporate Secretary, effective upon his commencement of employment with the Company, which is anticipated to be no later than September 16, 2024 (the “Start Date”).","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001108426-24-000087","anchor_url":"https://secwatch.observer/filing/0001108426-24-000087#claim-ca0ff24eff","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842624000087/0001108426-24-000087-index.htm"},{"fact_type":"executive_change","fact_key":"3d7529d84e","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2024-08-12T23:59:59+00:00","payload":{"action":"retired","action_category":"departure","departure_tone":"retirement","effective_date":"2024-09-16","interim":false,"role":"Senior Vice President and General Counsel","role_category":"general_counsel","successor_name":"Brian G. Iverson","successor_named":true},"claim":"Patrick Apodaca retired as Senior Vice President and General Counsel at TXNM ENERGY INC.","evidence_excerpt":"Having identified Mr. Iverson as Mr. Apodaca’s successor, Mr. Apodaca’s retirement will be effective as of the Start Date.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001108426-24-000087","anchor_url":"https://secwatch.observer/filing/0001108426-24-000087#claim-3d7529d84e","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842624000087/0001108426-24-000087-index.htm"},{"fact_type":"debt_financing","fact_key":"52a294c1a61f0fe905f4b70d315b53b63c71be74","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2024-05-10T23:59:59+00:00","payload":{"counterparty":"U.S. Bank National Association","effective_date":"2024-05-10","event":"incurrence","instrument_type":"term_loan","interest_rate_text":"PNM must pay interest on its borrowings under the Term Loan from time to time fo","item_codes_triggered":["2.03"],"maturity_text":"on or before November 10, 2025","principal_text":"$200.0 million"},"claim":"TXNM ENERGY INC incurred term loan of $200.0 million with U.S. Bank National Association at PNM must pay interest on its borrowings under the Term Loan from time to time fo maturing on or before November 10, 2025.","evidence_excerpt":"On May 10, 2024, Public Service Company of New Mexico (\"PNM\"), a wholly-owned subsidiary of PNM Resources, Inc., entered into a $200.0 million term loan agreement (the \"Term Loan\"), among PNM, the lenders party thereto and U.S. Bank National Association, as administrative agent (the \"Administrative Agent\").","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001108426-24-000049","anchor_url":"https://secwatch.observer/filing/0001108426-24-000049#claim-52a294c1a61f0fe905f4b70d315b53b63c71be74","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842624000049/0001108426-24-000049-index.htm"},{"fact_type":"material_agreement","fact_key":"86605179719e1ed7f2677695bc4d045059e871aa","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2024-05-10T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Term Loan","agreement_type":"credit_facility","counterparty":"lenders party thereto and U.S. Bank National Association, as administrative agent","effective_date":"2024-05-10","item_codes_triggered":["1.01"],"value_text":"$200.0 million"},"claim":"TXNM ENERGY INC entered into Term Loan with lenders party thereto and U.S. Bank National Association, as administrative agent valued at $200.0 million (effective 2024-05-10).","evidence_excerpt":"On May 10, 2024, Public Service Company of New Mexico (“PNM”), a wholly-owned subsidiary of PNM Resources, Inc., entered into a $200.0 million term loan agreement (the “Term Loan”), among PNM, the lenders party thereto and U.S. Bank National Association, as administrative agent (the “Administrative Agent”).","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001108426-24-000049","anchor_url":"https://secwatch.observer/filing/0001108426-24-000049#claim-86605179719e1ed7f2677695bc4d045059e871aa","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842624000049/0001108426-24-000049-index.htm"},{"fact_type":"material_agreement","fact_key":"229ea21a95c56f66d4cb3c758d84d5a1ff1a84c5","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2024-05-06T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Distribution Agreement","agreement_type":"atm_program","counterparty":"BofA Securities, Inc., Citigroup Global Markets Inc., MUFG Securities Americas Inc., RBC Capital Markets, LLC, Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC, as Sales Agents; and Bank of America, N.A., Citibank, N.A., MUFG Securities EMEA plc, Royal Bank of Canada, The Bank of Nova Scoti","effective_date":"2024-05-06","item_codes_triggered":["1.01"],"value_text":"up to an aggregate sales price of $100 million"},"claim":"TXNM ENERGY INC entered into Distribution Agreement with BofA Securities, Inc., Citigroup Global Markets Inc., MUFG Securities Americas Inc., RBC Capital Markets, LLC, Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC, as Sales Agents; and Bank of America, N.A., Citibank, N.A., MUFG Securities EMEA plc, Royal Bank of Canada, The Bank of Nova Scoti valued at up to an aggregate sales price of $100 million (effective 2024-05-06).","evidence_excerpt":"On May 6, 2024, PNM Resources, Inc. (the “Company”) entered into a Distribution Agreement (the “Distribution Agreement”) with BofA Securities, Inc., Citigroup Global Markets Inc., MUFG Securities Americas Inc., RBC Capital Markets, LLC, Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC (each, a “Sales Agent” and collectively, the “Sales Agents”) and Bank of America, N.A., Citibank, N.A., MUFG Securities EMEA plc, Royal Bank of Canada, The Bank of Nova Scotia and Wells Fargo Bank, N.A., as Forward Purchasers (each, a “Forward Purchaser” and collectively, the “Forward Purchasers”), pursuant to which the Company may sell, from time to time, up to an aggregate sales price of $100 million of its common stock","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001108426-24-000046","anchor_url":"https://secwatch.observer/filing/0001108426-24-000046#claim-229ea21a95c56f66d4cb3c758d84d5a1ff1a84c5","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842624000046/0001108426-24-000046-index.htm"},{"fact_type":"earnings_release","fact_key":"e2f42f44d2bc832d2bbfd87d59d1c89ae3a8e764","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2024-04-30T23:59:59+00:00","payload":{"eps_text":"$2.65 - $2.75 per diluted share","guidance_signal":"reaffirmed","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"2024 full year","report_date":"2024-04-30","result_type":"guidance_update","revenue_text":null},"claim":"TXNM ENERGY INC reported 2024 full year results: EPS $2.65 - $2.75 per diluted share. Guidance reaffirmed.","evidence_excerpt":"Affirmed ongoing earnings guidance range of $2.65 - $2.75","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001108426-24-000036","anchor_url":"https://secwatch.observer/filing/0001108426-24-000036#claim-e2f42f44d2bc832d2bbfd87d59d1c89ae3a8e764","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842624000036/0001108426-24-000036-index.htm"},{"fact_type":"earnings_release","fact_key":"071c165c3bfee31b49e0ac39befd10be4933c49c","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2024-04-30T23:59:59+00:00","payload":{"eps_text":"$0.52 per diluted share","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"GAAP net earnings attributable to PNM Resources $47.2","period_text":"first quarter 2024","report_date":"2024-04-30","result_type":"reported_results","revenue_text":null},"claim":"TXNM ENERGY INC reported first quarter 2024 results: net income GAAP net earnings attributable to PNM Resources $47.2, EPS $0.52 per diluted share.","evidence_excerpt":"PNM Resources Reports First Quarter 2024 Results 2024 Ongoing Earnings Guidance Affirmed • 2024 first quarter GAAP earnings of $0.52 per diluted share • 2024 first quarter ongoing earnings of $0.41 per diluted share • Affirmed ongoing earnings guidance range of $2.65 - $2.75","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001108426-24-000036","anchor_url":"https://secwatch.observer/filing/0001108426-24-000036#claim-071c165c3bfee31b49e0ac39befd10be4933c49c","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842624000036/0001108426-24-000036-index.htm"},{"fact_type":"material_agreement","fact_key":"d80a6c471584d117009cb16f86a961d81dfb708b","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2024-04-01T23:59:59+00:00","payload":{"action":"entry","agreement_name":"TNMP Revolver","agreement_type":"credit_facility","counterparty":"Wells Fargo Bank, National Association","effective_date":"2024-04-01","item_codes_triggered":["1.01"],"value_text":"$200,000,000 revolving credit facility, increased to up to $225,000,000 via accordion feature"},"claim":"TXNM ENERGY INC entered into TNMP Revolver with Wells Fargo Bank, National Association valued at $200,000,000 revolving credit facility, increased to up to $225,000,000 via accordion feature (effective 2024-04-01).","evidence_excerpt":"On April 1, 2024, Texas-New Mexico Power Company (“TNMP”), an indirect, wholly owned subsidiary of PNMR, entered into a $200.0 million secured credit agreement among TNMP, the lenders party thereto (the “TNMP Revolver Lenders”), and Wells Fargo, as administrative agent (the “TNMP Revolver”), which has a maturity date of March 30, 2029 (unless extended as noted below) and is filed as Exhibit 10.3 to this Current Report on Form 8-K.","confidence":0.99,"filing_url":"https://secwatch.observer/filing/0001108426-24-000017","anchor_url":"https://secwatch.observer/filing/0001108426-24-000017#claim-d80a6c471584d117009cb16f86a961d81dfb708b","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842624000017/0001108426-24-000017-index.htm"},{"fact_type":"material_agreement","fact_key":"60628455935b3b44e718de8923d352880065bd63","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2024-04-01T23:59:59+00:00","payload":{"action":"amendment","agreement_name":"Seventh Amendment to and Restatement of Credit Agreement","agreement_type":"credit_facility","counterparty":"Wells Fargo Bank, National Association","effective_date":"2024-04-01","item_codes_triggered":["1.01"],"value_text":"$400,000,000 revolving credit facility, increased to up to $600,000,000 via accordion feature"},"claim":"TXNM ENERGY INC amended Seventh Amendment to and Restatement of Credit Agreement with Wells Fargo Bank, National Association valued at $400,000,000 revolving credit facility, increased to up to $600,000,000 via accordion feature (effective 2024-04-01).","evidence_excerpt":"On April 1, 2024, Public Service Company of New Mexico (“PNM”), a wholly owned subsidiary of PNMR, entered into a Seventh Amendment to and Restatement of Credit Agreement (the “PNM Revolver”) amending and restating its $400.0 million revolving credit agreement, among PNM, the lenders party thereto (the “PNM Revolver Lenders”) and Wells Fargo, as administrative agent.","confidence":0.99,"filing_url":"https://secwatch.observer/filing/0001108426-24-000017","anchor_url":"https://secwatch.observer/filing/0001108426-24-000017#claim-60628455935b3b44e718de8923d352880065bd63","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842624000017/0001108426-24-000017-index.htm"},{"fact_type":"material_agreement","fact_key":"b9f666bd36d27a1374a9eb2e48bc7520c48eade3","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2024-04-01T23:59:59+00:00","payload":{"action":"amendment","agreement_name":"Twelfth Amendment to and Restatement of Credit Agreement","agreement_type":"credit_facility","counterparty":"Wells Fargo Bank, National Association","effective_date":"2024-04-01","item_codes_triggered":["1.01"],"value_text":"$300,000,000 revolving credit facility, increased to up to $400,000,000 via accordion feature"},"claim":"TXNM ENERGY INC amended Twelfth Amendment to and Restatement of Credit Agreement with Wells Fargo Bank, National Association valued at $300,000,000 revolving credit facility, increased to up to $400,000,000 via accordion feature (effective 2024-04-01).","evidence_excerpt":"On April 1, 2024, PNM Resources, Inc. (“PNMR”) entered into a Twelfth Amendment to and Restatement of Credit Agreement (the “PNMR Revolver”) amending and restating its $300.0 million revolving credit agreement, among PNMR, the lenders party thereto (the “PNMR Revolver Lenders”) and Wells Fargo Bank, National Association (“Wells Fargo”), as administrative agent.","confidence":0.99,"filing_url":"https://secwatch.observer/filing/0001108426-24-000017","anchor_url":"https://secwatch.observer/filing/0001108426-24-000017#claim-b9f666bd36d27a1374a9eb2e48bc7520c48eade3","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842624000017/0001108426-24-000017-index.htm"},{"fact_type":"debt_financing","fact_key":"4e57f869dbaf7e83415f07bcf1b68fb9820403f2","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2024-03-28T23:59:59+00:00","payload":{"counterparty":null,"effective_date":"2024-07-01","event":"incurrence","instrument_type":"senior_notes","interest_rate_text":"5.79%","item_codes_triggered":["2.03"],"maturity_text":"July 1, 2054","principal_text":"$128.0 million aggregate principal amount"},"claim":"TXNM ENERGY INC incurred senior notes of $128.0 million aggregate principal amount at 5.79% maturing July 1, 2054.","evidence_excerpt":"$128.0 million aggregate principal amount of its 5.79% First Mortgage Bonds, due July 1, 2054, Series 2024E","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001108426-24-000015","anchor_url":"https://secwatch.observer/filing/0001108426-24-000015#claim-4e57f869dbaf7e83415f07bcf1b68fb9820403f2","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842624000015/0001108426-24-000015-index.htm"},{"fact_type":"debt_financing","fact_key":"b44b569e5fcbc077b6c196760d32f282bd83c127","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2024-03-28T23:59:59+00:00","payload":{"counterparty":null,"effective_date":"2024-07-01","event":"incurrence","instrument_type":"senior_notes","interest_rate_text":"5.65%","item_codes_triggered":["2.03"],"maturity_text":"July 1, 2039","principal_text":"$40.0 million aggregate principal amount"},"claim":"TXNM ENERGY INC incurred senior notes of $40.0 million aggregate principal amount at 5.65% maturing July 1, 2039.","evidence_excerpt":"$40.0 million aggregate principal amount of its 5.65% First Mortgage Bonds, due July 1, 2039, Series 2024D","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001108426-24-000015","anchor_url":"https://secwatch.observer/filing/0001108426-24-000015#claim-b44b569e5fcbc077b6c196760d32f282bd83c127","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842624000015/0001108426-24-000015-index.htm"},{"fact_type":"debt_financing","fact_key":"85225ea7d5030342a754d82329c807f358b1d863","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2024-03-28T23:59:59+00:00","payload":{"counterparty":null,"effective_date":"2024-03-28","event":"incurrence","instrument_type":"senior_notes","interest_rate_text":"5.55%","item_codes_triggered":["2.03"],"maturity_text":"March 28, 2036","principal_text":"$85.0 million aggregate principal amount"},"claim":"TXNM ENERGY INC incurred senior notes of $85.0 million aggregate principal amount at 5.55% maturing March 28, 2036.","evidence_excerpt":"$85.0 million aggregate principal amount of its 5.55% First Mortgage Bonds, due March 28, 2036, Series 2024B","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001108426-24-000015","anchor_url":"https://secwatch.observer/filing/0001108426-24-000015#claim-85225ea7d5030342a754d82329c807f358b1d863","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842624000015/0001108426-24-000015-index.htm"},{"fact_type":"debt_financing","fact_key":"cf61f460dfc840cb35bd438e574c36543a09d224","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2024-03-28T23:59:59+00:00","payload":{"counterparty":null,"effective_date":"2024-03-28","event":"incurrence","instrument_type":"senior_notes","interest_rate_text":"5.26%","item_codes_triggered":["2.03"],"maturity_text":"March 28, 2029","principal_text":"$32.0 million aggregate principal amount"},"claim":"TXNM ENERGY INC incurred senior notes of $32.0 million aggregate principal amount at 5.26% maturing March 28, 2029.","evidence_excerpt":"$32.0 million aggregate principal amount of its 5.26% First Mortgage Bonds, due March 28, 2029, Series 2024A","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001108426-24-000015","anchor_url":"https://secwatch.observer/filing/0001108426-24-000015#claim-cf61f460dfc840cb35bd438e574c36543a09d224","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842624000015/0001108426-24-000015-index.htm"},{"fact_type":"material_agreement","fact_key":"53b6319723153c81f2e35da7dc63fd22443bb18f","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2024-03-28T23:59:59+00:00","payload":{"action":"entry","agreement_name":"TNMP Bond Purchase Agreement","agreement_type":"notes_offering","counterparty":"institutional investors party thereto","effective_date":"2024-03-28","item_codes_triggered":["1.01"],"value_text":"$285,000,000 aggregate principal amount of first mortgage bonds; includes $32,000,000 5.26% Series 2"},"claim":"TXNM ENERGY INC entered into TNMP Bond Purchase Agreement with institutional investors party thereto valued at $285,000,000 aggregate principal amount of first mortgage bonds; includes $32,000,000 5.26% Series 2 (effective 2024-03-28).","evidence_excerpt":"Texas-New Mexico Power Company (“TNMP”) 2024 Bond Purchase Agreement On March 28, 2024, TNMP entered into a Bond Purchase Agreement (the “TNMP Bond Purchase Agreement”) with the institutional investors party thereto for the sale of $285.0 million aggregate principal amount of TNMP first mortgage bonds offered in a private placement transaction.","confidence":0.97,"filing_url":"https://secwatch.observer/filing/0001108426-24-000015","anchor_url":"https://secwatch.observer/filing/0001108426-24-000015#claim-53b6319723153c81f2e35da7dc63fd22443bb18f","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842624000015/0001108426-24-000015-index.htm"},{"fact_type":"executive_change","fact_key":"f9d6b5f3eb","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2024-03-27T23:59:59+00:00","payload":{"action":"retire","action_category":"departure","departure_tone":"retirement","effective_date":"2024-07-02","interim":false,"role":"Senior Vice President and General Counsel","role_category":"general_counsel","successor_name":null,"successor_named":false},"claim":"Patrick Apodaca departed as Senior Vice President and General Counsel at TXNM ENERGY INC.","evidence_excerpt":"On March 26, 2024, Mr. Patrick Apodaca announced his intention to retire as Senior Vice President and General Counsel of PNM Resources, Inc., a New Mexico corporation (“PNMR”), effective as of a date that is mutually agreeable between Mr. Apodaca and PNMR after a suitable successor is identified, currently anticipated to be no sooner than July 2, 2024 (the “Effective Date”).","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001108426-24-000012","anchor_url":"https://secwatch.observer/filing/0001108426-24-000012#claim-f9d6b5f3eb","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842624000012/0001108426-24-000012-index.htm"},{"fact_type":"earnings_release","fact_key":"d8ebfdcf0073d3e7651c70695639a987a4a30be5","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2024-02-06T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"initiated","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"the fiscal year ended December 31, 2023","report_date":"2024-02-06","result_type":"reported_results","revenue_text":null},"claim":"TXNM ENERGY INC updated its the fiscal year ended December 31, 2023 guidance (initiated).","evidence_excerpt":"On February 6, 2024, PNM Resources, Inc., Public Service Company of New Mexico, and Texas-New Mexico Power Company (collectively, the “Company”) issued a press release announcing preliminary results of operations for the three months and year ended December 31, 2023.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001108426-24-000004","anchor_url":"https://secwatch.observer/filing/0001108426-24-000004#claim-d8ebfdcf0073d3e7651c70695639a987a4a30be5","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842624000004/0001108426-24-000004-index.htm"},{"fact_type":"material_agreement","fact_key":"6eeb2f701ce3a595dd1bcf1fa877855677a2db83","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2024-01-02T23:59:59+00:00","payload":{"action":"termination","agreement_name":"Agreement and Plan of Merger","agreement_type":"merger","counterparty":"PNM Resources, Inc., Avangrid, Inc., and NM Green Holdings, Inc.","effective_date":"2023-12-31","item_codes_triggered":["1.02"],"value_text":null},"claim":"TXNM ENERGY INC terminated Agreement and Plan of Merger with PNM Resources, Inc., Avangrid, Inc., and NM Green Holdings, Inc. (effective 2023-12-31).","evidence_excerpt":"On December 31, 2023, Avangrid informed PNMR that it was terminating the Merger Agreement (the “Termination”), effective as of December 31, 2023.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001108426-24-000002","anchor_url":"https://secwatch.observer/filing/0001108426-24-000002#claim-6eeb2f701ce3a595dd1bcf1fa877855677a2db83","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842624000002/0001108426-24-000002-index.htm"},{"fact_type":"executive_change","fact_key":"ed1fa3cb18","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2023-12-06T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2023-12-05","interim":false,"role":"Vice President and Controller","role_category":"other_named_officer","successor_name":null,"successor_named":false},"claim":"Gerald Robert Bischoff was appointed as Vice President and Controller at TXNM ENERGY INC.","evidence_excerpt":"On December 5, 2023, the Company appointed Gerald Robert Bischoff to succeed Mr. Monroy as its Vice President and Controller, which includes serving as the Company’s principal accounting officer.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001108426-23-000059","anchor_url":"https://secwatch.observer/filing/0001108426-23-000059#claim-ed1fa3cb18","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842623000059/0001108426-23-000059-index.htm"},{"fact_type":"executive_change","fact_key":"12588ed0e1","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2023-12-06T23:59:59+00:00","payload":{"action":"stepped down","action_category":"departure","departure_tone":"routine","effective_date":"2023-12-05","interim":false,"role":"Vice President and Corporate Controller","role_category":"other_named_officer","successor_name":"Gerald Robert Bischoff","successor_named":true},"claim":"Henry E. Monroy departed as Vice President and Corporate Controller at TXNM ENERGY INC.","evidence_excerpt":"On December 5, 2023, Henry E. Monroy, Vice President and Corporate Controller of PNM Resources, Inc. (the “Company”) stepped down from his role as the Company’s Vice President and Corporate Controller, which includes serving as the Company’s principal accounting officer.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001108426-23-000059","anchor_url":"https://secwatch.observer/filing/0001108426-23-000059#claim-12588ed0e1","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842623000059/0001108426-23-000059-index.htm"},{"fact_type":"earnings_release","fact_key":"80dfec9fd93b68736b783d0b98d3d20c42ab4952","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2023-10-27T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"three and nine months ended September 30, 2023","report_date":"2023-10-27","result_type":"reported_results","revenue_text":null},"claim":"TXNM ENERGY INC reported financial results for three and nine months ended September 30, 2023.","evidence_excerpt":"On October 27, 2023, PNM Resources, Inc., Public Service Company of New Mexico, and Texas-New Mexico Power Company (collectively, the “Company”) issued a press release announcing results of operations for the three and nine months ended September 30, 2023.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001108426-23-000056","anchor_url":"https://secwatch.observer/filing/0001108426-23-000056#claim-80dfec9fd93b68736b783d0b98d3d20c42ab4952","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842623000056/0001108426-23-000056-index.htm"},{"fact_type":"earnings_release","fact_key":"34a88201bdedb135613fd5116a36bac2b59a0e87","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2023-08-04T23:59:59+00:00","payload":{"eps_text":"GAAP diluted EPS $0.53","guidance_signal":"reaffirmed","item_codes_triggered":["2.02"],"net_income_text":"GAAP net earnings attributable to PNM Resources $45.3","period_text":"Q2 2023","report_date":"2023-08-04","result_type":"reported_results","revenue_text":null},"claim":"TXNM ENERGY INC reported Q2 2023 results: net income GAAP net earnings attributable to PNM Resources $45.3, EPS GAAP diluted EPS $0.53. Guidance reaffirmed.","evidence_excerpt":"On August 4, 2023, PNM Resources, Inc., Public Service Company of New Mexico, and Texas-New Mexico Power Company (collectively, the “Company”) issued a press release announcing results of operations for the three and six months ended June 30, 2023.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001108426-23-000046","anchor_url":"https://secwatch.observer/filing/0001108426-23-000046#claim-34a88201bdedb135613fd5116a36bac2b59a0e87","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842623000046/0001108426-23-000046-index.htm"},{"fact_type":"debt_financing","fact_key":"6025b3d688fc112b2adb6fe36520cee3c40e9027","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2023-07-28T23:59:59+00:00","payload":{"counterparty":null,"effective_date":"2023-07-28","event":"incurrence","instrument_type":"senior_notes","interest_rate_text":"5.47% per annum","item_codes_triggered":["2.03"],"maturity_text":"July 28, 2053","principal_text":"$55,000,000 aggregate principal amount"},"claim":"TXNM ENERGY INC incurred senior notes of $55,000,000 aggregate principal amount at 5.47% per annum maturing July 28, 2053.","evidence_excerpt":"On July 28, 2023, PNM Resources, Inc.’s indirect wholly-owned subsidiary, Texas-New Mexico Power Company (“TNMP”), issued $55,000,000 aggregate principal amount of its 5.47% First Mortgage Bonds, due July 28, 2053, Series 2023B (the “Series 2023B Bonds”) in a private placement","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001108426-23-000044","anchor_url":"https://secwatch.observer/filing/0001108426-23-000044#claim-6025b3d688fc112b2adb6fe36520cee3c40e9027","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842623000044/0001108426-23-000044-index.htm"},{"fact_type":"material_agreement","fact_key":"96f884dd6627999d613b78f53d9c744bb858f871","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2023-07-28T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Nineteenth Supplemental Indenture","agreement_type":"notes_offering","counterparty":"U.S. Bank Trust Company, National Association","effective_date":"2023-07-28","item_codes_triggered":["1.01"],"value_text":"$55,000,000"},"claim":"TXNM ENERGY INC entered into Nineteenth Supplemental Indenture with U.S. Bank Trust Company, National Association valued at $55,000,000 (effective 2023-07-28).","evidence_excerpt":"The Series 2023B Bonds were issued pursuant to TNMP’s First Mortgage Indenture dated as of March 23, 2009 (the “First Mortgage Indenture”), between TNMP and U.S. Bank Trust Company, National Association (ultimate successor as trustee to The Bank of New York Mellon Trust Company, N.A.), as trustee (the “Trustee”), as previously supplemented and amended and as further supplemented by the Nineteenth Supplemental Indenture thereto, dated as of July 28, 2023, between TNMP and the Trustee (the “Nineteenth Supplemental Indenture” and, together with the First Mortgage Indenture, the “Series 2023B Indenture”).","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001108426-23-000044","anchor_url":"https://secwatch.observer/filing/0001108426-23-000044#claim-96f884dd6627999d613b78f53d9c744bb858f871","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842623000044/0001108426-23-000044-index.htm"},{"fact_type":"debt_financing","fact_key":"696ab8022f49b4719cd33e01c58ca0eae273f404","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2023-07-03T23:59:59+00:00","payload":{"counterparty":"Wells Fargo Bank, National Association as Administrative Agent and lenders","effective_date":"2023-06-30","event":"incurrence","instrument_type":"term_loan","interest_rate_text":null,"item_codes_triggered":["2.03"],"maturity_text":"June 30, 2026","principal_text":"$500 million"},"claim":"TXNM ENERGY INC incurred term loan of $500 million with Wells Fargo Bank, National Association as Administrative Agent and lenders maturing June 30, 2026.","evidence_excerpt":"On June 30, 2023, PNM Resources, Inc., a New Mexico corporation (“PNMR”), entered into a $500 million term loan agreement (the “PNMR 2023 Term Loan”) among PNMR, the lenders party thereto and Wells Fargo Bank, National Association (“Wells Fargo”), as Administrative Agent.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001108426-23-000041","anchor_url":"https://secwatch.observer/filing/0001108426-23-000041#claim-696ab8022f49b4719cd33e01c58ca0eae273f404","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842623000041/0001108426-23-000041-index.htm"},{"fact_type":"material_agreement","fact_key":"1b447fd8197142b98c67664b4ac60cf020f86b6a","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2023-07-03T23:59:59+00:00","payload":{"action":"entry","agreement_name":"PNMR 2023 Term Loan","agreement_type":"credit_facility","counterparty":"the lenders party thereto and Wells Fargo Bank, National Association, as Administrative Agent","effective_date":"2023-06-30","item_codes_triggered":["1.01"],"value_text":"$500 million"},"claim":"TXNM ENERGY INC entered into PNMR 2023 Term Loan with the lenders party thereto and Wells Fargo Bank, National Association, as Administrative Agent valued at $500 million (effective 2023-06-30).","evidence_excerpt":"On June 30, 2023, PNM Resources, Inc., a New Mexico corporation (“PNMR”), entered into a $500 million term loan agreement (the “PNMR 2023 Term Loan”) among PNMR, the lenders party thereto and Wells Fargo Bank, National Association (“Wells Fargo”), as Administrative Agent.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001108426-23-000041","anchor_url":"https://secwatch.observer/filing/0001108426-23-000041#claim-1b447fd8197142b98c67664b4ac60cf020f86b6a","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842623000041/0001108426-23-000041-index.htm"},{"fact_type":"material_agreement","fact_key":"5f9a71a00502b4df9784826f4533fd81bc1b5059","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2023-06-20T23:59:59+00:00","payload":{"action":"amendment","agreement_name":"Amendment No. 3 to the Merger Agreement","agreement_type":"merger","counterparty":"Avangrid, Inc., NM Green Holdings, Inc.","effective_date":"2023-06-19","item_codes_triggered":["1.01"],"value_text":null},"claim":"TXNM ENERGY INC amended Amendment No. 3 to the Merger Agreement with Avangrid, Inc., NM Green Holdings, Inc. (effective 2023-06-19).","evidence_excerpt":"On June 19, 2023, PNMR, Avangrid and Merger Sub entered into Amendment No. 3 to the Merger Agreement (the “Third Amendment”) pursuant to which PNMR and Avangrid each agreed to extend the “End Date” until December 31, 2023 (subject to a three-month extension by PNMR and Avangrid by mutual consent if all of the conditions to the closing, other than the conditions relating to regulatory approvals, have been satisfied as of December 31, 2023).","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001108426-23-000037","anchor_url":"https://secwatch.observer/filing/0001108426-23-000037#claim-5f9a71a00502b4df9784826f4533fd81bc1b5059","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842623000037/0001108426-23-000037-index.htm"},{"fact_type":"executive_change","fact_key":"8604055cd7","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2023-06-05T23:59:59+00:00","payload":{"action":"retired","action_category":"departure","departure_tone":"retirement","effective_date":"2023-07-10","interim":false,"role":"Senior Vice President, Public Policy","role_category":"other_named_officer","successor_name":null,"successor_named":false},"claim":"Ronald N. Darnell retired as Senior Vice President, Public Policy at TXNM ENERGY INC.","evidence_excerpt":"On June 1, 2023, Ronald N. Darnell, Senior Vice President, Public Policy of PNM Resources, Inc. (the “Company”), notified the Company that he is retiring from the Company and positions held at the Company's subsidiaries effective July 10, 2023.","confidence":1.0,"filing_url":"https://secwatch.observer/filing/0001108426-23-000035","anchor_url":"https://secwatch.observer/filing/0001108426-23-000035#claim-8604055cd7","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842623000035/0001108426-23-000035-index.htm"},{"fact_type":"shareholder_vote","fact_key":"7560cf6fc4b5747640b583b35eafc8295c89b31b","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2023-05-10T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-05-09","outcome":"passed","proposal_text":"Advisory vote on frequency of future advisory votes on executive compensation","proposal_type":"say_on_pay_frequency","results":[{"broker_non_votes":"8,265,498","subject":null,"votes_abstain":"91,354","votes_against":null,"votes_for":"65,011,806","votes_withheld":null}]},"claim":"TXNM ENERGY INC shareholders approved Advisory vote on frequency of future advisory votes on executive compensation at the 2023-05-09 meeting.","evidence_excerpt":"PNMR's shareholders recommended, on an advisory basis, that PNMR conduct future shareholder advisory votes on named executive officers compensation every year, by the vote indicated below: 1 Year 2 Years 3 Years Abstentions Broker Non-Votes 65,011,806 62,571 1,884,367 91,354 8,265,498","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001108426-23-000028","anchor_url":"https://secwatch.observer/filing/0001108426-23-000028#claim-7560cf6fc4b5747640b583b35eafc8295c89b31b","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842623000028/0001108426-23-000028-index.htm"},{"fact_type":"shareholder_vote","fact_key":"db632e4bb94771d2b24685dafd16038320c70234","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2023-05-10T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-05-09","outcome":"passed","proposal_text":"Advisory vote on executive compensation","proposal_type":"say_on_pay","results":[{"broker_non_votes":"8,265,498","subject":null,"votes_abstain":"137,674","votes_against":"2,540,624","votes_for":"64,371,800","votes_withheld":null}]},"claim":"TXNM ENERGY INC shareholders approved Advisory vote on executive compensation at the 2023-05-09 meeting.","evidence_excerpt":"PNMR's shareholders approved, on an advisory basis, the compensation of PNMR’s NEOs, by the vote indicated below: Votes For Votes Against Abstentions Broker Non-Votes 64,371,800 2,540,624 137,674 8,265,498","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001108426-23-000028","anchor_url":"https://secwatch.observer/filing/0001108426-23-000028#claim-db632e4bb94771d2b24685dafd16038320c70234","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842623000028/0001108426-23-000028-index.htm"},{"fact_type":"shareholder_vote","fact_key":"28e471d648d5ffc019ea5cb69bc579c6fbe7e7ea","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2023-05-10T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-05-09","outcome":"passed","proposal_text":"Approval of 2023 Performance Equity Plan (PEP)","proposal_type":"equity_plan","results":[{"broker_non_votes":"8,265,498","subject":null,"votes_abstain":"121,698","votes_against":"946,089","votes_for":"65,982,311","votes_withheld":null}]},"claim":"TXNM ENERGY INC shareholders approved Approval of 2023 Performance Equity Plan (PEP) at the 2023-05-09 meeting.","evidence_excerpt":"PNMR's shareholders approved the 2023 PEP, by the vote indicated below: Votes For Votes Against Abstentions Broker Non-Votes 65,982,311 946,089 121,698 8,265,498","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001108426-23-000028","anchor_url":"https://secwatch.observer/filing/0001108426-23-000028#claim-28e471d648d5ffc019ea5cb69bc579c6fbe7e7ea","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842623000028/0001108426-23-000028-index.htm"},{"fact_type":"shareholder_vote","fact_key":"7c21cbb44b368c6e6f981e08262b28c5c485a30f","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2023-05-10T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-05-09","outcome":"passed","proposal_text":"Ratification of KPMG LLP as independent auditors","proposal_type":"auditor_ratification","results":[{"broker_non_votes":null,"subject":null,"votes_abstain":"52,539","votes_against":"261,513","votes_for":"75,001,544","votes_withheld":null}]},"claim":"TXNM ENERGY INC shareholders approved Ratification of KPMG LLP as independent auditors at the 2023-05-09 meeting.","evidence_excerpt":"The appointment of KPMG LLP to serve as PNMR’s independent public accountants for the year ending December 31, 2023, was ratified by PNMR’s shareholders by the vote indicated below: Votes For Votes Against Abstentions 75,001,544 261,513 52,539","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001108426-23-000028","anchor_url":"https://secwatch.observer/filing/0001108426-23-000028#claim-7c21cbb44b368c6e6f981e08262b28c5c485a30f","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842623000028/0001108426-23-000028-index.htm"},{"fact_type":"shareholder_vote","fact_key":"89bbdb6e97710b0b36ce137179d4d70493ac84e5","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2023-05-10T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-05-09","outcome":"passed","proposal_text":"Election of nine directors","proposal_type":"director_election","results":[{"broker_non_votes":"8,265,498","subject":"Vicky A. Bailey","votes_abstain":"69,089","votes_against":"1,513,174","votes_for":"65,467,835","votes_withheld":null},{"broker_non_votes":"8,265,498","subject":"Norman P. Becker","votes_abstain":"80,041","votes_against":"993,027","votes_for":"65,977,030","votes_withheld":null},{"broker_non_votes":"8,265,498","subject":"Patricia K. Collawn","votes_abstain":"69,758","votes_against":"1,046,188","votes_for":"65,934,152","votes_withheld":null},{"broker_non_votes":"8,265,498","subject":"E. Renae Conley","votes_abstain":"69,108","votes_against":"1,099,234","votes_for":"65,881,756","votes_withheld":null},{"broker_non_votes":"8,265,498","subject":"Alan J. Fohrer","votes_abstain":"76,851","votes_against":"1,138,753","votes_for":"65,834,494","votes_withheld":null},{"broker_non_votes":"8,265,498","subject":"Sidney M. Gutierrez","votes_abstain":"74,078","votes_against":"95,285","votes_for":"66,880,735","votes_withheld":null},{"broker_non_votes":"8,265,498","subject":"James A. Hughes","votes_abstain":"77,086","votes_against":"1,563,052","votes_for":"65,409,960","votes_withheld":null},{"broker_non_votes":"8,265,498","subject":"Maureen T. Mullarkey","votes_abstain":"71,782","votes_against":"1,003,886","votes_for":"65,974,430","votes_withheld":null},{"broker_non_votes":"8,265,498","subject":"Donald K. Schwanz","votes_abstain":"77,716","votes_against":"556,348","votes_for":"66,416,034","votes_withheld":null}]},"claim":"TXNM ENERGY INC shareholders approved Election of nine directors at the 2023-05-09 meeting.","evidence_excerpt":"The following nine nominees were elected to PNMR’s Board of Directors to serve as directors for a one-year term that expires at PNMR’s Annual Meeting of Shareholders to be held in 2024. The votes cast with respect to the nine nominees presented at the Meeting were as follows: Nominees Votes For Votes Against Abstentions Broker Non-Votes Vicky A. Bailey 65,467,835 1,513,174 69,089 8,265,498 Norman P. Becker 65,977,030 993,027 80,041 8,265,498 Patricia K. Collawn 65,934,152 1,046,188 69,758 8,265,498 E. Renae Conley 65,881,756 1,099,234 69,108 8,265,498 Alan J. Fohrer 65,834,494 1,138,753 76,851 8,265,498 Sidney M. Gutierrez 66,880,735 95,285 74,078 8,265,498 James A. Hughes 65,409,960 1,563,052 77,086 8,265,498 Maureen T. Mullarkey 65,974,430 1,003,886 71,782 8,265,498 Donald K. Schwanz 66,416,034 556,348 77,716 8,265,498","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001108426-23-000028","anchor_url":"https://secwatch.observer/filing/0001108426-23-000028#claim-89bbdb6e97710b0b36ce137179d4d70493ac84e5","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842623000028/0001108426-23-000028-index.htm"},{"fact_type":"earnings_release","fact_key":"83498a2966a7762cf77243552a4c6ccbf0446f39","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2023-05-05T23:59:59+00:00","payload":{"eps_text":"$0.64 per diluted share","guidance_signal":"reaffirmed","item_codes_triggered":["2.02"],"net_income_text":"$55.0","period_text":"three months ended March 31, 2023","report_date":"2023-05-05","result_type":"reported_results","revenue_text":null},"claim":"TXNM ENERGY INC reported three months ended March 31, 2023 results: net income $55.0, EPS $0.64 per diluted share. Guidance reaffirmed.","evidence_excerpt":"PNM Resources (In millions, except EPS) Q1 2023 Q1 2022 GAAP net earnings attributable to PNM Resources $55.0 $16.0 GAAP diluted EPS $0.64 $0.19 Ongoing net earnings $47.6 $43.3 Ongoing diluted EPS $0.55 $0.50 PNM Resources (NYSE: PNM) today released its 2023 first quarter results. In addition, management affirmed its 2023 consolidated ongoing earnings guidance of $2.65 to $2.75 per diluted share.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001108426-23-000022","anchor_url":"https://secwatch.observer/filing/0001108426-23-000022#claim-83498a2966a7762cf77243552a4c6ccbf0446f39","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842623000022/0001108426-23-000022-index.htm"},{"fact_type":"debt_financing","fact_key":"e7686b0412f99cc5ee64173d6586858a1b6382c7","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2023-04-28T23:59:59+00:00","payload":{"counterparty":null,"effective_date":"2023-04-28","event":"incurrence","instrument_type":"mortgage","interest_rate_text":"5.01% and 5.47%","item_codes_triggered":["2.03"],"maturity_text":"due April 28, 2033 and due July 28, 2053","principal_text":"$185.0 million aggregate principal amount"},"claim":"TXNM ENERGY INC incurred mortgage of $185.0 million aggregate principal amount at 5.01% and 5.47% maturing due April 28, 2033 and due July 28, 2053.","evidence_excerpt":"On April 28, 2023, TNMP entered into a Bond Purchase Agreement (the “TNMP Bond Purchase Agreement”) with the institutional investors party thereto for the sale of $185.0 million aggregate principal amount of TNMP first mortgage bonds offered in a private placement transaction.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001108426-23-000019","anchor_url":"https://secwatch.observer/filing/0001108426-23-000019#claim-e7686b0412f99cc5ee64173d6586858a1b6382c7","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842623000019/0001108426-23-000019-index.htm"},{"fact_type":"debt_financing","fact_key":"40aabd0172981ba52154a97d403d13f58af56467","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2023-04-28T23:59:59+00:00","payload":{"counterparty":null,"effective_date":"2023-04-28","event":"incurrence","instrument_type":"senior_notes","interest_rate_text":"5.51% and 5.92%","item_codes_triggered":["2.03"],"maturity_text":"due April 28, 2035 and due April, 2053","principal_text":"$200.0 million aggregate principal amount"},"claim":"TXNM ENERGY INC incurred senior notes of $200.0 million aggregate principal amount at 5.51% and 5.92% maturing due April 28, 2035 and due April, 2053.","evidence_excerpt":"On April 28, 2023, PNM entered into a Note Purchase Agreement (the “PNM Note Purchase Agreement”) with the institutional investors party thereto for the sale of $200.0 million aggregate principal amount of senior unsecured notes in the following series and denominations: (i) $150.0 million aggregate principal amount of its 5.51% Senior Unsecured Notes, Series A, due April 28, 2035, and (ii) $50.0 million aggregate principal amount of its 5.92% Senior Unsecured Notes, Series B, due April, 2053","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001108426-23-000019","anchor_url":"https://secwatch.observer/filing/0001108426-23-000019#claim-40aabd0172981ba52154a97d403d13f58af56467","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842623000019/0001108426-23-000019-index.htm"},{"fact_type":"material_agreement","fact_key":"f12d161f1c6de873452a5b14229a54a66dc02720","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2023-04-28T23:59:59+00:00","payload":{"action":"entry","agreement_name":"2023 Bond Purchase Agreement","agreement_type":"notes_offering","counterparty":"the institutional investors party thereto","effective_date":"2023-04-28","item_codes_triggered":["1.01"],"value_text":"$185.0 million aggregate principal amount of first mortgage bonds"},"claim":"TXNM ENERGY INC entered into 2023 Bond Purchase Agreement with the institutional investors party thereto valued at $185.0 million aggregate principal amount of first mortgage bonds (effective 2023-04-28).","evidence_excerpt":"On April 28, 2023, TNMP entered into a Bond Purchase Agreement (the \"TNMP Bond Purchase Agreement\") with the institutional investors party thereto for the sale of $185.0 million aggregate principal amount of TNMP first mortgage bonds offered in a private placement transaction.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001108426-23-000019","anchor_url":"https://secwatch.observer/filing/0001108426-23-000019#claim-f12d161f1c6de873452a5b14229a54a66dc02720","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842623000019/0001108426-23-000019-index.htm"},{"fact_type":"material_agreement","fact_key":"f2718cb33b33f173e5bc4866740585fe50b8a53f","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2023-04-28T23:59:59+00:00","payload":{"action":"entry","agreement_name":"2023 Note Purchase Agreement","agreement_type":"notes_offering","counterparty":"the institutional investors party thereto","effective_date":"2023-04-28","item_codes_triggered":["1.01"],"value_text":"$200.0 million aggregate principal amount of senior unsecured notes"},"claim":"TXNM ENERGY INC entered into 2023 Note Purchase Agreement with the institutional investors party thereto valued at $200.0 million aggregate principal amount of senior unsecured notes (effective 2023-04-28).","evidence_excerpt":"On April 28, 2023, PNM entered into a Note Purchase Agreement (the \"PNM Note Purchase Agreement\") with the institutional investors party thereto for the sale of $200.0 million aggregate principal amount of senior unsecured notes in the following series and denominations: (i) $150.0 million aggregate principal amount of its 5.51% Senior Unsecured Notes, Series A, due April 28, 2035, and (ii) $50.0 million aggregate principal amount of its 5.92% Senior Unsecured Notes, Series B, due April, 2053 (the \"PNM 2023 SUNs\").","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001108426-23-000019","anchor_url":"https://secwatch.observer/filing/0001108426-23-000019#claim-f2718cb33b33f173e5bc4866740585fe50b8a53f","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842623000019/0001108426-23-000019-index.htm"},{"fact_type":"material_agreement","fact_key":"d272e5448501a58259affff58768390bbe0fce45","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2023-04-12T23:59:59+00:00","payload":{"action":"amendment","agreement_name":"Amendment No. 2 to the Merger Agreement","agreement_type":"merger","counterparty":"Avangrid, Inc.","effective_date":"2023-04-12","item_codes_triggered":["1.01"],"value_text":null},"claim":"TXNM ENERGY INC amended Amendment No. 2 to the Merger Agreement with Avangrid, Inc. (effective 2023-04-12).","evidence_excerpt":"On April 12, 2023, PNMR, Avangrid and Merger Sub entered into Amendment No. 2 to the Merger Agreement (the “Second Amendment”) pursuant to which PNMR and Avangrid each agreed to extend the “End Date” until July 20, 2023.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001108426-23-000016","anchor_url":"https://secwatch.observer/filing/0001108426-23-000016#claim-d272e5448501a58259affff58768390bbe0fce45","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842623000016/0001108426-23-000016-index.htm"},{"fact_type":"earnings_release","fact_key":"8488ac0f580931800d9b59287a2b52ee0d4cf8ca","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2023-02-24T23:59:59+00:00","payload":{"eps_text":"$1.97","guidance_signal":"unknown","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"year ended December 31, 2022","report_date":"2023-02-24","result_type":"preliminary_results","revenue_text":null},"claim":"TXNM ENERGY INC reported year ended December 31, 2022 results: EPS $1.97.","evidence_excerpt":"2022 GAAP earnings of $1.97 per diluted share • 2022 ongoing earnings of $2.69 per diluted share • 2023 ongoing earnings guidance range narrowed to $2.65 - $2.75","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001108426-23-000002","anchor_url":"https://secwatch.observer/filing/0001108426-23-000002#claim-8488ac0f580931800d9b59287a2b52ee0d4cf8ca","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842623000002/0001108426-23-000002-index.htm"},{"fact_type":"material_agreement","fact_key":"9d80e8c676bc3a1ce3ba259dd647a19f3d04ad0a","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2022-11-10T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Distribution Agreement","agreement_type":"atm_program","counterparty":"BofA Securities, Inc., MUFG Securities Americas Inc., Wells Fargo Securities, LLC, Bank of America, N.A., MUFG Securities EMEA plc, Wells Fargo Bank, N.A.","effective_date":"2022-11-10","item_codes_triggered":["1.01"],"value_text":"up to an aggregate sales price of $200 million"},"claim":"TXNM ENERGY INC entered into Distribution Agreement with BofA Securities, Inc., MUFG Securities Americas Inc., Wells Fargo Securities, LLC, Bank of America, N.A., MUFG Securities EMEA plc, Wells Fargo Bank, N.A. valued at up to an aggregate sales price of $200 million (effective 2022-11-10).","evidence_excerpt":"On November 10, 2022, PNMR Resources, Inc. (the “Company”) entered into a Distribution Agreement (the “Distribution Agreement”) with BofA Securities, Inc., MUFG Securities Americas Inc. and Wells Fargo Securities, LLC (each, a “Sales Agent” and collectively, the “Sales Agents”) and Bank of America, N.A., MUFG Securities EMEA plc and Wells Fargo Bank, N.A., as Forward Purchasers (each, a “Forward Purchaser” and collectively, the “Forward Purchasers”), pursuant to which the Company may sell, from time to time, up to an aggregate sales price of $200 million of its common stock, no par value (the “Shares”), through the Sales Agents.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001108426-22-000070","anchor_url":"https://secwatch.observer/filing/0001108426-22-000070#claim-9d80e8c676bc3a1ce3ba259dd647a19f3d04ad0a","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842622000070/0001108426-22-000070-index.htm"},{"fact_type":"earnings_release","fact_key":"3c941893a5c4f46b7e60b339f091d042d5cafe90","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2022-11-04T23:59:59+00:00","payload":{"eps_text":"$1.42","guidance_signal":"raised","item_codes_triggered":["2.02"],"net_income_text":"$122.4","period_text":"Q3 2022","report_date":"2022-11-04","result_type":"reported_results","revenue_text":null},"claim":"TXNM ENERGY INC reported Q3 2022 results: net income $122.4, EPS $1.42. Guidance raised.","evidence_excerpt":"PNM Resources (In millions, except EPS) Q3 2022 Q3 2021 YTD 2022 YTD 2021 GAAP net earnings attributable to PNM Resources $122.4 $113.3 $153.8 $184.6 GAAP diluted EPS $1.42 $1.32 $1.78 $2.14","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001108426-22-000063","anchor_url":"https://secwatch.observer/filing/0001108426-22-000063#claim-3c941893a5c4f46b7e60b339f091d042d5cafe90","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842622000063/0001108426-22-000063-index.htm"},{"fact_type":"executive_change","fact_key":"8d223464fd","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2022-07-21T23:59:59+00:00","payload":{"action":"retiring","action_category":"departure","departure_tone":"retirement","effective_date":"2022-09-10","interim":false,"role":"Senior Vice President, Utility Operations","role_category":"other_named_officer","successor_name":null,"successor_named":false},"claim":"Chris M. Olson departed as Senior Vice President, Utility Operations at TXNM ENERGY INC.","evidence_excerpt":"On July 18, 2022, Chris M. Olson, Senior Vice President, Utility Operations, of PNM Resources, Inc. (“PNMR”), Public Service Company of New Mexico (“PNM”), and Texas-New Mexico Power Company (“TNMP”, and together with PNMR and PNM, the “Company”), notified the Company that he is retiring from the Company effective September 10, 2022.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001108426-22-000044","anchor_url":"https://secwatch.observer/filing/0001108426-22-000044#claim-8d223464fd","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842622000044/0001108426-22-000044-index.htm"},{"fact_type":"executive_change","fact_key":"fee796ca48","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2022-05-19T23:59:59+00:00","payload":{"action":"promoted","action_category":"role_change","departure_tone":"not_applicable","effective_date":"2022-05-21","interim":false,"role":"Senior Vice President, Chief Financial Officer and Treasurer","role_category":"cfo","successor_name":null,"successor_named":false},"claim":"Elisabeth A. Eden changed role as Senior Vice President, Chief Financial Officer and Treasurer at TXNM ENERGY INC.","evidence_excerpt":"Also effective May 21, 2022, Elisabeth A. Eden, the Company’s Vice President and Treasurer, was promoted to the position of Senior Vice President, Chief Financial Officer and Treasurer of the Company.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001108426-22-000034","anchor_url":"https://secwatch.observer/filing/0001108426-22-000034#claim-fee796ca48","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842622000034/0001108426-22-000034-index.htm"},{"fact_type":"executive_change","fact_key":"93ca7c804f","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2022-05-19T23:59:59+00:00","payload":{"action":"promoted","action_category":"role_change","departure_tone":"not_applicable","effective_date":"2022-05-21","interim":false,"role":"President and Chief Operating Officer","role_category":"coo","successor_name":null,"successor_named":false},"claim":"Joseph D. Tarry changed role as President and Chief Operating Officer at TXNM ENERGY INC.","evidence_excerpt":"Effective May 21, 2022, Joseph D. Tarry, PNM Resources, Inc.’s (the “Company”) Senior Vice President and Chief Financial Officer, was promoted to President and Chief Operating Officer (“COO”) of the Company.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001108426-22-000034","anchor_url":"https://secwatch.observer/filing/0001108426-22-000034#claim-93ca7c804f","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842622000034/0001108426-22-000034-index.htm"},{"fact_type":"debt_financing","fact_key":"7358d7ed036d38db2a9bd2efc3590f7a611b00cf","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2022-05-16T23:59:59+00:00","payload":{"counterparty":"U.S. Bank Trust Company, National Association","effective_date":"2022-05-12","event":"incurrence","instrument_type":"mortgage","interest_rate_text":"4.13% per annum","item_codes_triggered":["2.03"],"maturity_text":"May 12, 2052","principal_text":"$65,000,000 aggregate principal amount"},"claim":"TXNM ENERGY INC incurred mortgage of $65,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 4.13% per annum maturing May 12, 2052.","evidence_excerpt":"On May 12, 2022, PNM Resources, Inc.’s indirect wholly-owned subsidiary, Texas-New Mexico Power Company (“TNMP”), issued $65,000,000 aggregate principal amount of its 4.13% First Mortgage Bonds, due May 12, 2052, Series 2022A","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001108426-22-000031","anchor_url":"https://secwatch.observer/filing/0001108426-22-000031#claim-7358d7ed036d38db2a9bd2efc3590f7a611b00cf","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842622000031/0001108426-22-000031-index.htm"},{"fact_type":"material_agreement","fact_key":"fb5da33916e074eed6476cf37674109b96c8c531","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2022-05-16T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Fifteenth Supplemental Indenture","agreement_type":"notes_offering","counterparty":"U.S. Bank Trust Company, National Association","effective_date":"2022-05-12","item_codes_triggered":["1.01"],"value_text":"Issuance of $65,000,000 aggregate principal amount of 4.13% First Mortgage Bonds due May 12, 2052, S"},"claim":"TXNM ENERGY INC entered into Fifteenth Supplemental Indenture with U.S. Bank Trust Company, National Association valued at Issuance of $65,000,000 aggregate principal amount of 4.13% First Mortgage Bonds due May 12, 2052, S (effective 2022-05-12).","evidence_excerpt":"The Series 2022A Bonds were issued pursuant to TNMP’s First Mortgage Indenture dated as of March 23, 2009 (the “First Mortgage Indenture”), between TNMP and U.S. Bank Trust Company, National Association (ultimate successor as trustee to The Bank of New York Mellon Trust Company, N.A.), as trustee (the “Trustee”), as previously supplemented and amended and as further supplemented by the Fifteenth Supplemental Indenture thereto, dated as of May 12, 2022, between TNMP and the Trustee (the “Fifteenth Supplemental Indenture” and, together with the First Mortgage Indenture, the “Series 2022A Indenture”).","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001108426-22-000031","anchor_url":"https://secwatch.observer/filing/0001108426-22-000031#claim-fb5da33916e074eed6476cf37674109b96c8c531","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842622000031/0001108426-22-000031-index.htm"},{"fact_type":"executive_change","fact_key":"f44eb4e220","cik":1108426,"ticker":"TXNM","company_name":"TXNM ENERGY INC","filed_at":"2022-03-01T23:59:59+00:00","payload":{"action":"retiring","action_category":"departure","departure_tone":"retirement","effective_date":"2022-07-01","interim":false,"role":"Executive Vice President, Corporate Development and Finance","role_category":"other_named_officer","successor_name":null,"successor_named":false},"claim":"Charles N. Eldred departed as Executive Vice President, Corporate Development and Finance at TXNM ENERGY INC.","evidence_excerpt":"On February 28, 2022, Charles N. Eldred, Executive Vice President, Corporate Development and Finance of PNM Resources, Inc. (\"PNMR\"), Public Service Company of New Mexico (\"PNM\") and Texas-New Mexico Power Company (\"TNMP\", and together with PNMR and PNM, the \"Company\") announced that he is retiring from the Company effective July 1, 2022.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001108426-22-000012","anchor_url":"https://secwatch.observer/filing/0001108426-22-000012#claim-f44eb4e220","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842622000012/0001108426-22-000012-index.htm"}]}