---
schema_version: "secwatch.filing_event.v1"
accession: "0001108426-23-000044"
form_type: "8-K"
ticker: "TXNM"
cik: "0001108426"
company_name: "TXNM ENERGY INC"
filed_at: "2023-07-28T23:59:59+00:00"
generated_at: "2026-06-12T22:48:58.193362+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Texas-New Mexico Power Company issues $55 million of 5.47% First Mortgage Bonds due 2053

## Summary
- TNMP issued $55,000,000 of 5.47% First Mortgage Bonds, Series 2023B, due July 28, 2053.
- Bonds sold in private placement to institutional accredited investors under a Bond Purchase Agreement dated April 28, 2023.
- Proceeds to be used for repayment of existing debt and general corporate purposes, including capital expenditures.
- Interest payable semiannually at fixed 5.47% per annum, first payment January 28, 2024.
- Bonds secured by first mortgage lien on substantially all of TNMP’s property.

## SEC filing metadata
- accession: 0001108426-23-000044
- form_type: 8-K
- ticker: TXNM
- cik: 0001108426
- company_name: TXNM ENERGY INC
- filed_at: 2023-07-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1108426/000110842623000044/0001108426-23-000044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/22767/000110842623000044/pnm-20230728.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001108426-23-000044
- JSON: https://secwatch.observer/filing/0001108426-23-000044.json
- Plain text: https://secwatch.observer/filing/0001108426-23-000044.txt

## Key facts
- Debt Financings
  TXNM ENERGY INC incurred senior notes of $55,000,000 aggregate principal amount at 5.47% per annum maturing July 28, 2053.
  - Instrument: senior notes
  - Principal: $55,000,000 aggregate principal amount
  - Rate: 5.47% per annum
  - Maturity: July 28, 2053
  - Event: incurrence
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1108426/000110842623000044/0001108426-23-000044-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: U.S. Bank Trust Company, National Association
  - Value: $55,000,000
  - Effective: 2023-07-28
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1108426/000110842623000044/0001108426-23-000044-index.htm

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