{"schema_version":"secwatch.filing_event.v1","accession":"0001108426-24-000049","form_type":"8-K","ticker":"TXNM","cik":"0001108426","company_name":"TXNM ENERGY INC","filed_at":"2024-05-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.314943+00:00","generated_at":"2026-06-02T03:20:33.492851+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"PNM Resources subsidiary enters $200M term loan agreement due Nov 2025","bullets":["Public Service Company of New Mexico borrows $200M under term loan due November 10, 2025.","Interest: SOFR + 0.90% (SOFR loans); Base Rate + 0.0% (Base Rate loans).","Proceeds to refinance revolving credit balances and for general corporate purposes.","Covenant: consolidated debt-to-capitalization ratio <= 0.65:1 tested quarterly.","Loan includes customary events of default, cross-default, and change of control provisions."],"urls":{"canonical":"https://secwatch.observer/filing/0001108426-24-000049","json":"https://secwatch.observer/filing/0001108426-24-000049.json","markdown":"https://secwatch.observer/filing/0001108426-24-000049.md","text":"https://secwatch.observer/filing/0001108426-24-000049.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1108426/000110842624000049/0001108426-24-000049-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/81023/000110842624000049/pnm-20240510.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T03:20:33.492851+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":"52a294c1a61f0fe905f4b70d315b53b63c71be74","claim":"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.","evidence_excerpt":"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\").","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842624000049/0001108426-24-000049-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$200.0 million"},{"label":"Counterparty","value":"U.S. Bank National Association"},{"label":"Rate","value":"PNM must pay interest on its borrowings under the Term Loan from time to time fo"},{"label":"Maturity","value":"on or before November 10, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"86605179719e1ed7f2677695bc4d045059e871aa","claim":"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).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842624000049/0001108426-24-000049-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"lenders party thereto and U.S. Bank National Association, as administrative agent"},{"label":"Value","value":"$200.0 million"},{"label":"Effective","value":"2024-05-10"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}