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TXNM Energy announces a public offering of common stock worth $400 million. The proceeds are intended to repay borrowings under its term loan agreement.
PUBLIC · TXNMAug 31, 2026•6 days ago
Amount Raised
$400 Million
Round Type
Debt Financing
AlbuquerqueEnergyOil And GasRenewable EnergySolarEnergy ManagementEnergy StorageEnergy EfficiencyBiomass Energy
Description
TXNM Energy, Inc. has commenced an underwritten public offering of $400 million of shares of its common stock. The offering, subject to market conditions, is aimed at repaying borrowings under its term loan agreement. Wells Fargo Securities is the sole book-running manager for this offering
Company Information
Company
TXNM Energy
Location
Albuquerque, New Mexico, United States
About
TXNM Energy is an energy holding company based in Albuquerque, New Mexico. It delivers energy to more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM. The company focuses on providing safe and reliable energy solutions while investing in resiliency programs. TXNM Energy operates with a commitment to sustainability and community engagement.
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AlbuquerqueEnergyOil And GasRenewable EnergySolarEnergy ManagementEnergy StorageEnergy EfficiencyBiomass Energy