TXNM Energy Subsidiary PNM Secures $120 Million Term Loan Led by U.S. Bank

Reuters11-11

<a href="https://laohu8.com/S/TXNM">TXNM Energy</a> Subsidiary PNM Secures $120 Million Term Loan Led by <a href="https://laohu8.com/S/USB">U.S. Ban</a>k

TXNM Energy Inc., through its wholly-owned subsidiary Public Service Company of New Mexico (PNM), has entered into a $120 million term loan agreement with a group of lenders, with U.S. Bank National Association acting as administrative agent. The agreement, effective November 10, 2025, requires repayment by May 10, 2027. Proceeds from the loan will be used to refinance a portion of PNM's 2024 Term Loan set to mature later in 2025. The loan includes customary covenants, notably a consolidated debt-to-capitalization ratio requirement, as well as standard events of default and change of control provisions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TXNM Energy Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001108426-25-000114), on November 10, 2025, and is solely responsible for the information contained therein.

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