TNMP issues $168M in first mortgage bonds (5.65%-5.79%) due 2039/2054

TXNM ENERGY INC

Issued $40M of 5.65% Series 2024D bonds due July 1, 2039, and $128M of 5.79% Series 2024E bonds due July 1, 2054.
Bonds sold via private placement to institutional accredited investors under exemption from registration.
Proceeds to be used for repayment of existing debt and general corporate purposes, including capital expenditures.
Bonds secured by a first mortgage lien on substantially all TNMP property, ranking equally with other first mortgage bonds.

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