TXNM Energy Subsidiary TNMP Secures $70 Million Private Placement of First Mortgage Bonds

Reuters11-19

<a href="https://laohu8.com/S/TXNM">TXNM Energy</a> Subsidiary TNMP Secures $70 Million Private Placement of First Mortgage Bonds

TXNM Energy Inc., through its indirect wholly-owned subsidiary Texas-New Mexico Power Company (TNMP), has entered into a definitive agreement to issue $70 million in aggregate principal amount of 4.69% First Mortgage Bonds, due December 18, 2031, in a private placement to institutional accredited investors. The bonds will be issued on or before December 18, 2025, with proceeds intended for repayment of short-term debt and general corporate purposes, including capital expenditures. The agreement includes a provision requiring TNMP to offer to prepay the bonds at par plus accrued interest in the event of a change in control, though the proposed transaction between TXNM and Blackstone Infrastructure would not trigger this clause. The bonds will not be registered under the Securities Act and are subject to customary closing conditions.

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: 0001108426-25-000116), on November 18, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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