Financing ·
On August 19, 2026, TXNM Energy Inc. announced that its wholly-owned subsidiaries executed definitive agreements for…
TXNMTxnm Energy Inc
On August 19, 2026, TXNM Energy Inc. announced that its wholly-owned subsidiaries executed definitive agreements for significant debt issuances. Public Service Company of New Mexico entered into a Note Purchase Agreement to sell $200.0 million in aggregate principal amount of senior unsecured notes: $115.0 million of 5.44% Notes due 2029, $50.0 million of 5.82% Notes due 2034, and $35.0 million of 6.12% Notes due 2038. Proceeds will fund capital expenditures, repay existing indebtedness, and support general corporate purposes. Simultaneously, Texas-New Mexico Power Company issued $150.0 million in First Mortgage Bonds via a Bond Purchase Agreement: $75.0 million of 5.23% Series 2026A Bonds due September 2031 and $75.0 million of 5.46% Series 2026B Bonds due September 2033. These secured bonds will repay short-term debt and finance capital expenditures. TXNM Energy Inc. operates in the regulated electric utility industry, providing electricity to customers in New Mexico and Texas.