---
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"
generated_at: "2026-06-16T06:10:35.053630+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# PNM Resources subsidiaries issue $385M in debt: PNM $200M notes, TNMP $185M bonds

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001108426-23-000019
- JSON: https://secwatch.observer/filing/0001108426-23-000019.json
- Plain text: https://secwatch.observer/filing/0001108426-23-000019.txt

## Key facts
- Debt Financings
  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.
  - Instrument: senior notes
  - Principal: $200.0 million aggregate principal amount
  - Rate: 5.51% and 5.92%
  - Maturity: due April 28, 2035 and due April, 2053
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1108426/000110842623000019/0001108426-23-000019-index.htm
- Debt Financings
  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.
  - Instrument: mortgage
  - Principal: $185.0 million aggregate principal amount
  - Rate: 5.01% and 5.47%
  - Maturity: due April 28, 2033 and due July 28, 2053
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1108426/000110842623000019/0001108426-23-000019-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: the institutional investors party thereto
  - Value: $185.0 million aggregate principal amount of first mortgage bonds
  - Effective: 2023-04-28
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1108426/000110842623000019/0001108426-23-000019-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: the institutional investors party thereto
  - Value: $200.0 million aggregate principal amount of senior unsecured notes
  - Effective: 2023-04-28
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1108426/000110842623000019/0001108426-23-000019-index.htm

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