---
schema_version: "secwatch.filing_event.v1"
accession: "0001108426-22-000031"
form_type: "8-K"
ticker: "TXNM"
cik: "0001108426"
company_name: "TXNM ENERGY INC"
filed_at: "2022-05-16T23:59:59+00:00"
generated_at: "2026-06-25T13:38:44.183277+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# TNMP issues $65M 4.13% bonds due 2052; upsizes credit facility to $100M

## Summary
- Issued $65M Series 2022A First Mortgage Bonds at 4.13%, due May 12, 2052, in private placement.
- Increased revolving credit facility from $75M to $100M under accordion feature.
- Issued $100M Series 2022B Bonds to replace Series 2009C bonds securing credit facility.
- CoBank, ACB added as new lender with $25M commitment via Increase Supplement.

## SEC filing metadata
- accession: 0001108426-22-000031
- form_type: 8-K
- ticker: TXNM
- cik: 0001108426
- company_name: TXNM ENERGY INC
- filed_at: 2022-05-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1108426/000110842622000031/0001108426-22-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/22767/000110842622000031/pnm-20220516.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001108426-22-000031
- JSON: https://secwatch.observer/filing/0001108426-22-000031.json
- Plain text: https://secwatch.observer/filing/0001108426-22-000031.txt

## Key facts
- Debt Financings
  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.
  - Instrument: mortgage
  - Principal: $65,000,000 aggregate principal amount
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: 4.13% per annum
  - Maturity: May 12, 2052
  - Event: incurrence
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1108426/000110842622000031/0001108426-22-000031-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: U.S. Bank Trust Company, National Association
  - Value: Issuance of $65,000,000 aggregate principal amount of 4.13% First Mortgage Bonds due May 12, 2052, S
  - Effective: 2022-05-12
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1108426/000110842622000031/0001108426-22-000031-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.