TXNM Energy to be acquired by Blackstone Infrastructure Partners for $61.25 per share in cash

TXNM ENERGY INC

Merger agreement signed May 18, 2025; TXNM shareholders to receive $61.25/share cash, no financing condition.
Blackstone affiliate also to purchase 8M new shares at $50/share for $400M via separate Stock Purchase Agreement.
Closing expected in H2 2026, subject to TXNM shareholder vote, FERC, NMPRC, PUCT, NRC, and HSR approvals.
TXNM termination fee of $210M; Parent termination fee of $350M; BIP provides $375M limited guarantee.
TXNM and TNMP entered $910M revolver and $1.505B term loan backstop facilities to manage potential defaults.

item 1.01item 2.04item 2.03item 5.02item 7.01item 8.01item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Henry E. Monroy

Senior Vice President and Chief Financial Officer

TXNM · TXNM ENERGY INC

Effective: 2025-05-19
Filed: May 19, 2025 23:59 UTC

On May 18, 2025, the Board, upon the recommendation of the Nominating and Governance Committee (“NGC”), elected Henry E. Monroy, Vice President, Regulatory, of TXNM’s wholly-owned utility subsidiary, Public Service Company of New Mexico (“PNM”), as TXNM’s Senior Vice President and Chief Financial Officer (Principal Financial Officer), effective as of May 19, 2025, following Ms. Eden’s retirement from such role.

Source: SEC EDGAR

accession 0001108426-25-000048

view filing index on sec.gov

view primary document

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.