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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

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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TXNM Energy raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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