{"schema_version":"secwatch.filing_event.v1","accession":"0001108426-24-000017","form_type":"8-K","ticker":"TXNM","cik":"0001108426","company_name":"TXNM ENERGY INC","filed_at":"2024-04-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.314092+00:00","generated_at":"2026-06-04T04:20:06.691885+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"PNM Resources, PNM, and TNMP enter new $900M aggregate revolving credit facilities","bullets":["PNMR $300M revolver matures March 30, 2029, with accordion to $400M; covenant debt/cap ≤0.70.","PNM $400M revolver matures March 30, 2029, accordion to $600M; covenant debt/cap ≤0.65.","TNMP $200M secured revolver matures March 30, 2029, accordion to $225M; secured by Series 2024C bonds.","Each facility includes customary covenants, default provisions, and two one-year extension options.","Wells Fargo serves as administrative agent on all three facilities."],"urls":{"canonical":"https://secwatch.observer/filing/0001108426-24-000017","json":"https://secwatch.observer/filing/0001108426-24-000017.json","markdown":"https://secwatch.observer/filing/0001108426-24-000017.md","text":"https://secwatch.observer/filing/0001108426-24-000017.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1108426/000110842624000017/0001108426-24-000017-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/22767/000110842624000017/pnm-20240401.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T04:20:06.691885+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":"60628455935b3b44e718de8923d352880065bd63","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842624000017/0001108426-24-000017-index.htm","confidence":0.99,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Value","value":"$400,000,000 revolving credit facility, increased to up to $600,000,000 via accordion feature"},{"label":"Effective","value":"2024-04-01"}],"fact_type":"material_agreement"},{"claim_id":"b9f666bd36d27a1374a9eb2e48bc7520c48eade3","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842624000017/0001108426-24-000017-index.htm","confidence":0.99,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Value","value":"$300,000,000 revolving credit facility, increased to up to $400,000,000 via accordion feature"},{"label":"Effective","value":"2024-04-01"}],"fact_type":"material_agreement"},{"claim_id":"d80a6c471584d117009cb16f86a961d81dfb708b","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842624000017/0001108426-24-000017-index.htm","confidence":0.99,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Value","value":"$200,000,000 revolving credit facility, increased to up to $225,000,000 via accordion feature"},{"label":"Effective","value":"2024-04-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}