TXNM Energy subsidiaries issue $70M bonds, extend credit lines, and complete $91.9M pension transfer

TXNM ENERGY INC

TNMP issued $70M of 4.69% first mortgage bonds due 2031; proceeds for debt repayment and capex.
TXNM, PNM, and TNMP credit agreements extended to March 29, 2030; TNMP revolver increased to $300M.
TXNM closed $91.9M pension transfer with Delaware Life; expects ~$60M non-cash charge to net income.
Merger with Blackstone Infrastructure will not trigger change of control under amended credit agreements or 2025H bonds.
One lender in each credit facility declined to extend commitment; will remain through original maturity.

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