{"schema_version":"secwatch.filing_event.v1","accession":"0001108426-23-000019","form_type":"8-K","ticker":"TXNM","cik":"0001108426","company_name":"TXNM ENERGY INC","filed_at":"2023-04-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.960769+00:00","generated_at":"2026-06-16T06:10:35.053630+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"PNM Resources subsidiaries issue $385M in debt: PNM $200M notes, TNMP $185M bonds","bullets":["PNM issued $200M senior unsecured notes: $150M at 5.51% due 2035, $50M at 5.92% due 2053.","TNMP issued $185M first mortgage bonds: $130M at 5.01% due 2033, $55M at 5.47% due 2053.","Proceeds from both issuances used for debt repayment, capex, and general corporate purposes.","Both issuances are private placements exempt from Securities Act registration."],"urls":{"canonical":"https://secwatch.observer/filing/0001108426-23-000019","json":"https://secwatch.observer/filing/0001108426-23-000019.json","markdown":"https://secwatch.observer/filing/0001108426-23-000019.md","text":"https://secwatch.observer/filing/0001108426-23-000019.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1108426/000110842623000019/0001108426-23-000019-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/22767/000110842623000019/pnm-20230428.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T06:10:35.053630+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"40aabd0172981ba52154a97d403d13f58af56467","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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842623000019/0001108426-23-000019-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$200.0 million aggregate principal amount"},{"label":"Rate","value":"5.51% and 5.92%"},{"label":"Maturity","value":"due April 28, 2035 and due April, 2053"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"e7686b0412f99cc5ee64173d6586858a1b6382c7","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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842623000019/0001108426-23-000019-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"mortgage"},{"label":"Principal","value":"$185.0 million aggregate principal amount"},{"label":"Rate","value":"5.01% and 5.47%"},{"label":"Maturity","value":"due April 28, 2033 and due July 28, 2053"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"f12d161f1c6de873452a5b14229a54a66dc02720","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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842623000019/0001108426-23-000019-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"the institutional investors party thereto"},{"label":"Value","value":"$185.0 million aggregate principal amount of first mortgage bonds"},{"label":"Effective","value":"2023-04-28"}],"fact_type":"material_agreement"},{"claim_id":"f2718cb33b33f173e5bc4866740585fe50b8a53f","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\").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842623000019/0001108426-23-000019-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"the institutional investors party thereto"},{"label":"Value","value":"$200.0 million aggregate principal amount of senior unsecured notes"},{"label":"Effective","value":"2023-04-28"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}