TXNM Energy unit PNM sells USD 200 million senior unsecured notes in private placement - TXNM News | RalliesTXNM Energy unit PNM sells USD 200 million senior unsecured notes in private placement
T
TXNM• PNM completes private placement of senior unsecured notes
- TXNM Energy unit PNM placed USD 200 million of senior unsecured notes in a private placement on Aug. 19, 2026.
- Notes include USD 115 million 5.44% due 2029, USD 50 million 5.82% due 2034, USD 35 million 6.12% due 2038.
- Proceeds earmarked for debt repayment, capital spending, and general corporate purposes.
- TXNM unit TNMP separately issued USD 150 million of first mortgage bonds in a private placement on Aug. 19, 2026.
- TNMP plans to repay short-term debt, fund capital expenditures, and support general corporate purposes.
