{"schema_version":"secwatch.filing_event.v1","accession":"0001108426-24-000015","form_type":"8-K","ticker":"TXNM","cik":"0001108426","company_name":"TXNM ENERGY INC","filed_at":"2024-03-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.384427+00:00","generated_at":"2026-06-04T05:44:45.295673+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"TNMP issues $285M of first mortgage bonds in private placement; $117M closed March 28","bullets":["TNMP issued $32M 5.26% Series 2024A bonds due 2029 and $85M 5.55% Series 2024B bonds due 2036 on March 28, 2024.","TNMP agreed to issue $40M 5.65% Series 2024D bonds due 2039 and $128M 5.79% Series 2024E bonds due 2054 by July 1, 2024.","Proceeds from the $285M total offering will repay existing debt and fund capital expenditures and general corporate purposes.","Bonds are secured by a first mortgage on substantially all TNMP property; debt-to-capitalization ratio covenant of ≤65% applies.","Issuer is PNM Resources subsidiary Texas-New Mexico Power Company; parent PNM trades on NYSE (PNM)."],"urls":{"canonical":"https://secwatch.observer/filing/0001108426-24-000015","json":"https://secwatch.observer/filing/0001108426-24-000015.json","markdown":"https://secwatch.observer/filing/0001108426-24-000015.md","text":"https://secwatch.observer/filing/0001108426-24-000015.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1108426/000110842624000015/0001108426-24-000015-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/22767/000110842624000015/pnm-20240328.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T05:44:45.295673+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":"4e57f869dbaf7e83415f07bcf1b68fb9820403f2","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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842624000015/0001108426-24-000015-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$128.0 million aggregate principal amount"},{"label":"Rate","value":"5.79%"},{"label":"Maturity","value":"July 1, 2054"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"85225ea7d5030342a754d82329c807f358b1d863","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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842624000015/0001108426-24-000015-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$85.0 million aggregate principal amount"},{"label":"Rate","value":"5.55%"},{"label":"Maturity","value":"March 28, 2036"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"b44b569e5fcbc077b6c196760d32f282bd83c127","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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842624000015/0001108426-24-000015-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$40.0 million aggregate principal amount"},{"label":"Rate","value":"5.65%"},{"label":"Maturity","value":"July 1, 2039"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"cf61f460dfc840cb35bd438e574c36543a09d224","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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842624000015/0001108426-24-000015-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$32.0 million aggregate principal amount"},{"label":"Rate","value":"5.26%"},{"label":"Maturity","value":"March 28, 2029"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"53b6319723153c81f2e35da7dc63fd22443bb18f","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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842624000015/0001108426-24-000015-index.htm","confidence":0.97,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"institutional investors party thereto"},{"label":"Value","value":"$285,000,000 aggregate principal amount of first mortgage bonds; includes $32,000,000 5.26% Series 2"},{"label":"Effective","value":"2024-03-28"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}