debt
confidence high
sentiment neutral
materiality 0.60
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.
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