secwatch / observer
8-K filed May 6, 2024, 7:59 PM ET ticker TXNM CIK 0001108426
other material confidence high sentiment neutral materiality 0.50

PNM Resources enters into $100M at-the-market stock distribution agreement

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 0.9

TXNM ENERGY INC entered into Distribution Agreement with BofA Securities, Inc., Citigroup Global Markets Inc., MUFG Securities Americas Inc., RBC Capital Markets, LLC, Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC, as Sales Agents; and Bank of America, N.A., Citibank, N.A., MUFG Securities EMEA plc, Royal Bank of Canada, The Bank of Nova Scoti valued at up to an aggregate sales price of $100 million (effective 2024-05-06).

Action
entry
Agreement
atm program
Counterparty
BofA Securities, Inc., Citigroup Global Markets Inc., MUFG Securities Americas Inc., RBC Capital Markets, LLC, Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC, as Sales Agents; and Bank of America, N.A., Citibank, N.A., MUFG Securities EMEA plc, Royal Bank of Canada, The Bank of Nova Scoti
Value
up to an aggregate sales price of $100 million
Effective
2024-05-06
Exact text from the filing
On May 6, 2024, PNM Resources, Inc. (the “Company”) entered into a Distribution Agreement (the “Distribution Agreement”) with BofA Securities, Inc., Citigroup Global Markets Inc., MUFG Securities Americas Inc., RBC Capital Markets, LLC, Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC (each, a “Sales Agent” and collectively, the “Sales Agents”) and Bank of America, N.A., Citibank, N.A., MUFG Securities EMEA plc, Royal Bank of Canada, The Bank of Nova Scotia and Wells Fargo Bank, N.A., as Forward Purchasers (each, a “Forward Purchaser” and collectively, the “Forward Purchasers”), pursuant to which the Company may sell, from time to time, up to an aggregate sales price of $100 million of its common stock
View on SEC.gov

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

TXNM ENERGY INC filing history →

Source: SEC EDGAR
accession 0001108426-24-000046
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