TXNM Energy prices 7,079,646-share follow-on offering at $56.5 per share
TXNM•Follow-on offering priced
- TXNM Energy priced an underwritten public offering of 7,079,646 common shares at $56.50 each.
- Gross proceeds are expected to be about $400 million.
- Net proceeds are earmarked to repay borrowings under its $400 million term loan agreement.
- Wells Fargo Securities was named sole book-running manager.
- Closing is expected on or about Sept. 2, 2026, subject to customary conditions.
