Financing ·
TXNM Energy raises $396M from offering of 7,079,646 shares at $56.50 each
TXNMTxnm Energy Inc
TXNM Energy, Inc. priced and closed an underwritten public offering of 7,079,646 shares of common stock at $56.50 per share on September 2, 2026. The company received net proceeds of approximately $396 million after deducting underwriting discounts and commissions. These funds are intended to repay borrowings under its existing $400 million term loan agreement with Wells Fargo Securities acting as the sole book-running manager. TXNM Energy is an energy holding company that delivers electricity and natural gas to customers in Texas and New Mexico through regulated utilities.