{"schema_version":"secwatch.filing_event.v1","accession":"0001108426-25-000027","form_type":"8-K","ticker":"TXNM","cik":"0001108426","company_name":"TXNM ENERGY INC","filed_at":"2025-04-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.544471+00:00","generated_at":"2026-05-23T07:53:24.325851+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"PNM issues $300M senior unsecured notes; $125M 5.75% due 2032, $175M 6.13% due 2037","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001108426-25-000027","json":"https://secwatch.observer/filing/0001108426-25-000027.json","markdown":"https://secwatch.observer/filing/0001108426-25-000027.md","text":"https://secwatch.observer/filing/0001108426-25-000027.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1108426/000110842625000027/0001108426-25-000027-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/81023/000110842625000027/pnm-20250423.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T07:53:24.325851+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":[{"claim_id":"7b62b1143b1f7ed626abf0269ce8d263110d5b27","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842625000027/0001108426-25-000027-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$300.0 million aggregate principal amount"},{"label":"Counterparty","value":"the institutional investors parties thereto"},{"label":"Rate","value":"5.75%"},{"label":"Maturity","value":"June 1, 2032"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"b201caaaa0b5321f1a55ddeafd3a4d1cb5bf3eb5","claim":"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.","evidence_excerpt":"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,","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842625000027/0001108426-25-000027-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$300.0 million aggregate principal amount"},{"label":"Counterparty","value":"the institutional investors parties thereto"},{"label":"Rate","value":"6.13%"},{"label":"Maturity","value":"June 1, 2037"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}