---
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"
generated_at: "2026-06-04T04:20:06.691885+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001108426-24-000017
- JSON: https://secwatch.observer/filing/0001108426-24-000017.json
- Plain text: https://secwatch.observer/filing/0001108426-24-000017.txt

## Key facts
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1108426/000110842624000017/0001108426-24-000017-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1108426/000110842624000017/0001108426-24-000017-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1108426/000110842624000017/0001108426-24-000017-index.htm

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