TXNM Energy Inc. has amended its existing $300 million revolving credit agreement with a group of lenders and Wells Fargo Bank, National Association, as administrative agent. The Fifteenth Amendment to the credit agreement includes provisions that ensure the closing of TXNM’s previously announced merger will not trigger a change of control event or default under the facility. Additionally, the amendment removes the SOFR adjustment to Term SOFR Loans and introduces other administrative updates. In connection with the amendment, TXNM exercised one of its extension options, pushing the facility’s maturity date to March 29, 2030. However, one lender opted not to extend its $34.6 million commitment, which will now expire on March 30, 2029, while the rest of the facility benefits from the extended term.
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: 0001108426-25-000122), on December 19, 2025, and is solely responsible for the information contained therein.
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