Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
TXNM ENERGY INC incurred term loan of $200.0 million with U.S. Bank National Association at PNM must pay interest on its borrowings under the Term Loan from time to time fo maturing on or before November 10, 2025.
- Instrument
- term loan
- Principal
- $200.0 million
- Counterparty
- U.S. Bank National Association
- Rate
- PNM must pay interest on its borrowings under the Term Loan from time to time fo
- Maturity
- on or before November 10, 2025
- Event
- incurrence
Exact text from the filing
On May 10, 2024, Public Service Company of New Mexico ("PNM"), a wholly-owned subsidiary of PNM Resources, Inc., entered into a $200.0 million term loan agreement (the "Term Loan"), among PNM, the lenders party thereto and U.S. Bank National Association, as administrative agent (the "Administrative Agent").
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
TXNM ENERGY INC entered into Term Loan with lenders party thereto and U.S. Bank National Association, as administrative agent valued at $200.0 million (effective 2024-05-10).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- lenders party thereto and U.S. Bank National Association, as administrative agent
- Value
- $200.0 million
- Effective
- 2024-05-10
Exact text from the filing
On May 10, 2024, Public Service Company of New Mexico (“PNM”), a wholly-owned subsidiary of PNM Resources, Inc., entered into a $200.0 million term loan agreement (the “Term Loan”), among PNM, the lenders party thereto and U.S. Bank National Association, as administrative agent (the “Administrative Agent”).
View on SEC.gov