Public Service Company of New Mexico, a subsidiary of TXNM Energy, Inc., entered into a $195.0 million term loan agreement with Canadian Imperial Bank of Commerce as administrative agent. The loan is effective July 21, 2026, and matures on January 21, 2028, to refinance a maturing 2025 term loan. The agreement includes a consolidated debt-to-capitalization ratio covenant of 0.65 to 1.00. TXNM Energy, Inc. is a utility company providing electricity and gas services.
