---
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"
generated_at: "2026-06-04T05:44:45.295673+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# TNMP issues $285M of first mortgage bonds in private placement; $117M closed March 28

## Summary
- 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).

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001108426-24-000015
- JSON: https://secwatch.observer/filing/0001108426-24-000015.json
- Plain text: https://secwatch.observer/filing/0001108426-24-000015.txt

## Key facts
- Debt Financings
  TXNM ENERGY INC incurred senior notes of $128.0 million aggregate principal amount at 5.79% maturing July 1, 2054.
  - Instrument: senior notes
  - Principal: $128.0 million aggregate principal amount
  - Rate: 5.79%
  - Maturity: July 1, 2054
  - Event: incurrence
  source text: $128.0 million aggregate principal amount of its 5.79% First Mortgage Bonds, due July 1, 2054, Series 2024E
  evidence_url: https://www.sec.gov/Archives/edgar/data/1108426/000110842624000015/0001108426-24-000015-index.htm
- Debt Financings
  TXNM ENERGY INC incurred senior notes of $85.0 million aggregate principal amount at 5.55% maturing March 28, 2036.
  - Instrument: senior notes
  - Principal: $85.0 million aggregate principal amount
  - Rate: 5.55%
  - Maturity: March 28, 2036
  - Event: incurrence
  source text: $85.0 million aggregate principal amount of its 5.55% First Mortgage Bonds, due March 28, 2036, Series 2024B
  evidence_url: https://www.sec.gov/Archives/edgar/data/1108426/000110842624000015/0001108426-24-000015-index.htm
- Debt Financings
  TXNM ENERGY INC incurred senior notes of $40.0 million aggregate principal amount at 5.65% maturing July 1, 2039.
  - Instrument: senior notes
  - Principal: $40.0 million aggregate principal amount
  - Rate: 5.65%
  - Maturity: July 1, 2039
  - Event: incurrence
  source text: $40.0 million aggregate principal amount of its 5.65% First Mortgage Bonds, due July 1, 2039, Series 2024D
  evidence_url: https://www.sec.gov/Archives/edgar/data/1108426/000110842624000015/0001108426-24-000015-index.htm
- Debt Financings
  TXNM ENERGY INC incurred senior notes of $32.0 million aggregate principal amount at 5.26% maturing March 28, 2029.
  - Instrument: senior notes
  - Principal: $32.0 million aggregate principal amount
  - Rate: 5.26%
  - Maturity: March 28, 2029
  - Event: incurrence
  source text: $32.0 million aggregate principal amount of its 5.26% First Mortgage Bonds, due March 28, 2029, Series 2024A
  evidence_url: https://www.sec.gov/Archives/edgar/data/1108426/000110842624000015/0001108426-24-000015-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: institutional investors party thereto
  - Value: $285,000,000 aggregate principal amount of first mortgage bonds; includes $32,000,000 5.26% Series 2
  - Effective: 2024-03-28
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1108426/000110842624000015/0001108426-24-000015-index.htm

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