TXNM ENERGY INC (TXNM) Form 8-K — Aug 19, 2026
On August 19, 2026, two TXNM Energy utility subsidiaries closed a combined $350 million of private placement debt: Public Service Company of New Mexico sold $200.0 million of senior unsecured notes and Texas-New Mexico Power Company issued $150 million of first mortgage bonds, both in transactions exempt from Securities Act registration. The PNM notes were sold in three series — $115.0 million at 5.44% due 2029, $50.0 million at 5.82% due 2034, and $35.0 million at 6.12% due 2038 — with proceeds earmarked for repayment of existing indebtedness, capital expenditures, and general corporate purposes.
Key figures
- Pnm series a
- $115.0M at 5.44%, due 2029
- Pnm series b
- $50.0M at 5.82%, due 2034
- Pnm series c
- $35.0M at 6.12%, due 2038
- Tnmp series 2026a
- $75.0M at 5.23%, due September 1, 2031
- Tnmp series 2026b
- $75.0M at 5.46%, due September 1, 2033
- Pnm suns aggregate
- $200.0 million senior unsecured notes
- Debt to cap covenant max
- 0.65 to 1.0 (65%) at both PNM and TNMP
- Tnmp material credit facility
- $300,000,000 Credit Agreement dated April 1, 2024
Price after filing
Close on the filing date to close N calendar days later (from $57.60). Historical, not a forecast.
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