PNM Resources issues additional $50M of 5.75% convertible notes due 2054, total $550M

TXNM ENERGY INC

Issued $50M aggregate principal of 5.75% Junior Subordinated Convertible Notes due 2054 under over-allotment option.
Combined with June 10 issuance of $500M, total now $550M of the same notes.
Notes sold to initial purchasers under Rule 144A; unregistered and not offered to public.
Proceeds used for general corporate purposes; interest rate 5.75% with maturity in 2054.

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