8-K
filed July 22, 2025, 7:59 PM ET
ticker TXNM
CIK 0001108426
debt
confidence high
sentiment neutral
materiality 0.60
TXNM ENERGY INC (TXNM): debt financing — TNMP unit issues $1.0843B in First Mortgage Bonds across six tranches (4.83%-6.02%, maturities 2030-2055)
TXNM ENERGY INC
- Six tranches: $245M 4.83% due 2030, $245M 5.12% due 2032, $240M 5.44% due 2035, $100M 5.54% due 2037, $154.3M 5.93% due 2045, $100M 6.02% due 2055.
- Proceeds will be used to repay short-term debt and fund general corporate purposes including capital expenditures.
- Bonds are secured by a first mortgage lien on substantially all of TNMP's property.
- Proposed TXNM/Blackstone Infrastructure transaction does not constitute a change in control under the bonds.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
TXNM ENERGY INC incurred senior notes of $240,000,000 aggregate principal amount with institutional accredited investors at 5.44% maturing July 31, 2035.
- Instrument
- senior notes
- Principal
- $240,000,000 aggregate principal amount
- Counterparty
- institutional accredited investors
- Rate
- 5.44%
- Maturity
- July 31, 2035
- Event
- incurrence
Exact text from the filing
$240,000,000 aggregate principal amount of its 5.44% First Mortgage Bonds, due July 31, 2035, Series 2025D
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
TXNM ENERGY INC incurred senior notes of $245,000,000 aggregate principal amount with institutional accredited investors at 4.83% maturing July 31, 2030.
- Instrument
- senior notes
- Principal
- $245,000,000 aggregate principal amount
- Counterparty
- institutional accredited investors
- Rate
- 4.83%
- Maturity
- July 31, 2030
- Event
- incurrence
Exact text from the filing
On July 21, 2025, TXNM Energy, Inc.'s indirect wholly-owned subsidiary, Texas-New Mexico Power Company (“TNMP”), issued $245,000,000 aggregate principal amount of its 4.83% First Mortgage Bonds, due July 31, 2030, Series 2025B
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
TXNM ENERGY INC incurred senior notes of $245,000,000 aggregate principal amount with institutional accredited investors at 5.12% maturing July 31, 2032.
- Instrument
- senior notes
- Principal
- $245,000,000 aggregate principal amount
- Counterparty
- institutional accredited investors
- Rate
- 5.12%
- Maturity
- July 31, 2032
- Event
- incurrence
Exact text from the filing
$245,000,000 aggregate principal amount of its 5.12% First Mortgage Bonds, due July 31, 2032, Series 2025C
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
TXNM ENERGY INC incurred senior notes of $154,300,000 aggregate principal amount with institutional accredited investors at 5.93% maturing July 31, 2045.
- Instrument
- senior notes
- Principal
- $154,300,000 aggregate principal amount
- Counterparty
- institutional accredited investors
- Rate
- 5.93%
- Maturity
- July 31, 2045
- Event
- incurrence
Exact text from the filing
$154,300,000 aggregate principal amount of its 5.93% First Mortgage Bonds, due July 31, 2045, Series 2025F
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
TXNM ENERGY INC incurred senior notes of $100,000,000 aggregate principal amount with institutional accredited investors at 5.54% maturing July 31, 2037.
- Instrument
- senior notes
- Principal
- $100,000,000 aggregate principal amount
- Counterparty
- institutional accredited investors
- Rate
- 5.54%
- Maturity
- July 31, 2037
- Event
- incurrence
Exact text from the filing
$100,000,000 aggregate principal amount of its 5.54% First Mortgage Bonds, due July 31, 2037, Series 2025E
View on SEC.gov
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