secwatch.observer — SEC 8-K summary
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Issuer:     TXNM ENERGY INC (TXNM)
CIK:        0001108426
Form:       8-K
Filed at:   2024-04-01T23:59:59+00:00
Accession:  0001108426-24-000017
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108426/000110842624000017/0001108426-24-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/22767/000110842624000017/pnm-20240401.htm
  HTML page:      https://secwatch.observer/filing/0001108426-24-000017

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer