{"schema_version":"secwatch.filing_event.v1","accession":"0001108426-24-000054","form_type":"8-K","ticker":"TXNM","cik":"0001108426","company_name":"TXNM ENERGY INC","filed_at":"2024-06-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.315504+00:00","generated_at":"2026-06-01T06:10:47.375701+00:00","sec_items":["8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"PNM Resources prices $500M of 5.75% convertible notes due 2054, proceeds to repay term loans","bullets":["Raised $500M (plus $50M over-allotment) of 5.75% junior subordinated convertible notes maturing June 1, 2054.","Initial conversion rate: 22.4911 shares per $1,000 principal; conversion price ~$44.46 (17.5% premium over June 4 close).","PNM may defer interest for up to 20 consecutive semi-annual periods if no default.","Net proceeds to repay a portion of outstanding term loans; offering expected to close June 10, 2024.","Notes unsecured, junior to senior debt; callable after June 6, 2029 if stock at 130% of conversion price."],"urls":{"canonical":"https://secwatch.observer/filing/0001108426-24-000054","json":"https://secwatch.observer/filing/0001108426-24-000054.json","markdown":"https://secwatch.observer/filing/0001108426-24-000054.md","text":"https://secwatch.observer/filing/0001108426-24-000054.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1108426/000110842624000054/0001108426-24-000054-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1108426/000110842624000054/pnm-20240604.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T06:10:47.375701+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}