TXNM ENERGY INC (TXNM): debt financing — PNM issues $300M senior unsecured notes; $125M 5.75% due 2032, $175M 6.13% due 2037

TXNM ENERGY INC

Proceeds used for debt repayment, capex, and general corporate purposes.
Series A: $125M at 5.75% due June 1, 2032; Series B: $175M at 6.13% due June 1, 2037.
Private placement exempt from SEC registration; includes standard covenants and change-of-control put.
Interest payable semiannually on April 1 and October 1 starting October 1, 2025.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

TXNM ENERGY INC incurred senior notes of $300.0 million aggregate principal amount with the institutional investors parties thereto at 5.75% maturing June 1, 2032.

Instrument: senior notes
Principal: $300.0 million aggregate principal amount
Counterparty: the institutional investors parties thereto
Rate: 5.75%
Maturity: June 1, 2032
Event: incurrence

Exact text from the filing

On April 23, 2025, PNM entered into a Note Purchase Agreement (the “PNM Note Purchase Agreement”) with the institutional investors parties thereto for the sale of $300.0 million aggregate principal amount of senior unsecured notes in the following series and denominations: (i) $125.0 million aggregate principal amount of its 5.75% Senior Unsecured Notes, Series A, due June 1, 2032

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

TXNM ENERGY INC incurred senior notes of $300.0 million aggregate principal amount with the institutional investors parties thereto at 6.13% maturing June 1, 2037.

Instrument: senior notes
Principal: $300.0 million aggregate principal amount
Counterparty: the institutional investors parties thereto
Rate: 6.13%
Maturity: June 1, 2037
Event: incurrence

Exact text from the filing

Agreement On April 23, 2025, PNM entered into a Note Purchase Agreement (the “PNM Note Purchase Agreement”) with the institutional investors parties thereto for the sale of $300.0 million aggregate principal amount of senior unsecured notes in the following series and denominations: (i) $125.0 million aggregate principal amount of its 5.75% Senior Unsecured Notes,

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TXNM ENERGY INC filing history →

Source: SEC EDGAR

accession 0001108426-25-000027

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