---
schema_version: "secwatch.filing_event.v1"
accession: "0001108426-24-000052"
form_type: "8-K"
ticker: "TXNM"
cik: "0001108426"
company_name: "TXNM ENERGY INC"
filed_at: "2024-06-03T23:59:59+00:00"
generated_at: "2026-06-01T06:43:28.347915+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# PNM Resources announces $500M offering of junior subordinated convertible notes due 2054

## Summary
- Offering $500M aggregate principal of junior subordinated convertible notes due 2054; underwriters may purchase up to $50M additional for over-allotments.
- Notes are unsecured, rank junior to existing and future senior debt; interest payable semiannually, may be deferred for up to 20 consecutive semi-annual periods.
- Holders can convert into common stock upon specified events; PNM may redeem after June 6, 2029 if stock price exceeds 130% of conversion price for 20 trading days.
- Net proceeds will be used to repay a portion of outstanding term loans.

## SEC filing metadata
- accession: 0001108426-24-000052
- form_type: 8-K
- ticker: TXNM
- cik: 0001108426
- company_name: TXNM ENERGY INC
- filed_at: 2024-06-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1108426/000110842624000052/0001108426-24-000052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1108426/000110842624000052/pnm-20240603.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001108426-24-000052
- JSON: https://secwatch.observer/filing/0001108426-24-000052.json
- Plain text: https://secwatch.observer/filing/0001108426-24-000052.txt

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