---
schema_version: "secwatch.filing_event.v1"
accession: "0001108426-24-000058"
form_type: "8-K"
ticker: "TXNM"
cik: "0001108426"
company_name: "TXNM ENERGY INC"
filed_at: "2024-06-10T23:59:59+00:00"
generated_at: "2026-06-01T05:14:18.490090+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# PNM Resources issues $500M (plus $50M over-allotment) 5.75% convertible notes due 2054

## Summary
- Issued $500M aggregate principal of 5.75% Junior Subordinated Convertible Notes due June 1, 2054; interest payable semi-annually.
- Initial purchasers have option to buy up to $50M additional notes within 13 days for over-allotments.
- Conversion rate initially 22.4911 shares/$1,000 principal (~$44.46/sh, 17.5% premium over June 4 close).
- Notes are unsecured, junior subordinated obligations, ranking behind all senior indebtedness.
- Company may defer interest payments for up to 20 consecutive semi-annual periods at its option.

## SEC filing metadata
- accession: 0001108426-24-000058
- form_type: 8-K
- ticker: TXNM
- cik: 0001108426
- company_name: TXNM ENERGY INC
- filed_at: 2024-06-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1108426/000110842624000058/0001108426-24-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1108426/000110842624000058/pnm-20240610.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001108426-24-000058
- JSON: https://secwatch.observer/filing/0001108426-24-000058.json
- Plain text: https://secwatch.observer/filing/0001108426-24-000058.txt

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