TXNM Energy subsidiary issues $70M 4.69% senior secured bonds due 2031

TXNM ENERGY INC

TNMP issues $70M 4.69% First Mortgage Bonds due Dec 18, 2031 in private placement.
Proceeds used to repay short-term debt and fund general corporate purposes, including capex.
Bonds secured by first mortgage lien on substantially all TNMP property, ranking equally with existing debt.
Interest payable semiannually at 4.69%; TXNM-Blackstone deal not a change in control under bond terms.

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