---
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"
generated_at: "2026-05-23T07:53:24.325851+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# PNM issues $300M senior unsecured notes; $125M 5.75% due 2032, $175M 6.13% due 2037

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001108426-25-000027
- JSON: https://secwatch.observer/filing/0001108426-25-000027.json
- Plain text: https://secwatch.observer/filing/0001108426-25-000027.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1108426/000110842625000027/0001108426-25-000027-index.htm
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1108426/000110842625000027/0001108426-25-000027-index.htm

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