TXNM Energy Announces Pricing of Public Offering of Common Stock
TXNM Energy priced a public offering of approximately 7.08 million shares of common stock at $56.50 per share, aiming for gross proceeds of about $400 million. The company intends to use the net proceeds to repay borrowings under its existing $400 million term loan agreement, effectively strengthening its balance sheet.
Key figures
- Deal Value Usd
- 400000000
- Offering Price
- 56.5
- Shares Offered
- 7079646
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