secwatch / observer
8-K filed April 1, 2024, 7:59 PM ET ticker TXNM CIK 0001108426
debt confidence high sentiment neutral materiality 0.50

PNM Resources, PNM, and TNMP enter new $900M aggregate revolving credit facilities

TXNM ENERGY INC

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.99

TXNM ENERGY INC amended Seventh Amendment to and Restatement of Credit Agreement with Wells Fargo Bank, National Association valued at $400,000,000 revolving credit facility, increased to up to $600,000,000 via accordion feature (effective 2024-04-01).

Action
amendment
Agreement
credit facility
Counterparty
Wells Fargo Bank, National Association
Value
$400,000,000 revolving credit facility, increased to up to $600,000,000 via accordion feature
Effective
2024-04-01
Exact text from the filing
On April 1, 2024, Public Service Company of New Mexico (“PNM”), a wholly owned subsidiary of PNMR, entered into a Seventh Amendment to and Restatement of Credit Agreement (the “PNM Revolver”) amending and restating its $400.0 million revolving credit agreement, among PNM, the lenders party thereto (the “PNM Revolver Lenders”) and Wells Fargo, as administrative agent.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.99

TXNM ENERGY INC amended Twelfth Amendment to and Restatement of Credit Agreement with Wells Fargo Bank, National Association valued at $300,000,000 revolving credit facility, increased to up to $400,000,000 via accordion feature (effective 2024-04-01).

Action
amendment
Agreement
credit facility
Counterparty
Wells Fargo Bank, National Association
Value
$300,000,000 revolving credit facility, increased to up to $400,000,000 via accordion feature
Effective
2024-04-01
Exact text from the filing
On April 1, 2024, PNM Resources, Inc. (“PNMR”) entered into a Twelfth Amendment to and Restatement of Credit Agreement (the “PNMR Revolver”) amending and restating its $300.0 million revolving credit agreement, among PNMR, the lenders party thereto (the “PNMR Revolver Lenders”) and Wells Fargo Bank, National Association (“Wells Fargo”), as administrative agent.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.99

TXNM ENERGY INC entered into TNMP Revolver with Wells Fargo Bank, National Association valued at $200,000,000 revolving credit facility, increased to up to $225,000,000 via accordion feature (effective 2024-04-01).

Action
entry
Agreement
credit facility
Counterparty
Wells Fargo Bank, National Association
Value
$200,000,000 revolving credit facility, increased to up to $225,000,000 via accordion feature
Effective
2024-04-01
Exact text from the filing
On April 1, 2024, Texas-New Mexico Power Company (“TNMP”), an indirect, wholly owned subsidiary of PNMR, entered into a $200.0 million secured credit agreement among TNMP, the lenders party thereto (the “TNMP Revolver Lenders”), and Wells Fargo, as administrative agent (the “TNMP Revolver”), which has a maturity date of March 30, 2029 (unless extended as noted below) and is filed as Exhibit 10.3 to this Current Report on Form 8-K.
View on SEC.gov

395 material agreements filed in the last 30 days. Browse all material agreements →

TXNM ENERGY INC filing history →

Source: SEC EDGAR
accession 0001108426-24-000017
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