TXNM Energy completes $400M common stock offering to repay term loan

TXNM ENERGY INC

Priced 7,079,646 common shares at $56.50 public offer; underwriter pays $55.935/share.
Gross proceeds ~$400M; net proceeds ~$396M after underwriting discounts and expenses.
Net proceeds used to repay borrowings under $400M term loan agreement.
Offering closed September 2, 2026; Wells Fargo Securities sole book-running manager.

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