TXNM Energy unit PNM signs USD 195 million term loan due January 2028

Reuters2026/07/21 20:22

By:Reuters

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TXNM Energy unit PNM signed a USD 195 million term loan with lender group led by Canadian Imperial Bank of Commerce, New York Branch.
Loan closes July 21, 2026. Matures Jan. 21, 2028.
Proceeds earmarked to refinance PNM’s 2025 term loan balance due July 21, 2026.
Includes covenant requiring consolidated debt-to-capitalization ratio at or below 0.65:1.00 at each fiscal quarter-end.

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: 0001108426-26-000044), on July 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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TXNM Energy unit PNM signs USD 195 million term loan due January 2028

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