TXNM ENERGY INC (TXNM): debt financing — 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.

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 $70,000,000 aggregate principal amount with institutional accredited investors at 4.69% per annum maturing December 18, 2031.

Instrument: senior notes
Principal: $70,000,000 aggregate principal amount
Counterparty: institutional accredited investors
Rate: 4.69% per annum
Maturity: December 18, 2031
Event: incurrence

Exact text from the filing

agreed to issue $70,000,000 aggregate principal amount of its 4.69% First Mortgage Bonds, due December 18, 2031

View on SEC.gov

101 debt financings filed in the last 30 days. Browse all debt financings →

TXNM ENERGY INC filing history →

Source: SEC EDGAR

accession 0001108426-25-000116

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

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.