{"schema_version":"secwatch.filing_event.v1","accession":"0001108426-25-000114","form_type":"8-K","ticker":"TXNM","cik":"0001108426","company_name":"TXNM ENERGY INC","filed_at":"2025-11-10T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.809732+00:00","generated_at":"2026-05-16T22:14:10.484360+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"PNM enters $120M term loan to refinance maturing 2024 term loan","bullets":["$120M term loan effective Nov 10, 2025, matures May 10, 2027.","Proceeds to refinance portion of outstanding 2024 term loan due Nov 10, 2025.","Loan includes covenant: consolidated debt-to-capitalization ratio ≤ 0.65:1.00.","Lenders include U.S. Bank and KeyBank National Association as joint lead arrangers."],"urls":{"canonical":"https://secwatch.observer/filing/0001108426-25-000114","json":"https://secwatch.observer/filing/0001108426-25-000114.json","markdown":"https://secwatch.observer/filing/0001108426-25-000114.md","text":"https://secwatch.observer/filing/0001108426-25-000114.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1108426/000110842625000114/0001108426-25-000114-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/81023/000110842625000114/pnm-20251110.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T22:14:10.484360+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":"1263b9978dc7a11ba1d64430d8906f11509980be","claim":"TXNM ENERGY INC incurred term loan of $120.0 million with U.S. Bank National Association maturing May 10, 2027.","evidence_excerpt":"entered into a $120.0 million term loan agreement (the \"Term Loan\"), among PNM, the lenders party thereto and U.S. Bank National Association, as administrative agent","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842625000114/0001108426-25-000114-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$120.0 million"},{"label":"Counterparty","value":"U.S. Bank National Association"},{"label":"Maturity","value":"May 10, 2027"},{"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"}