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TXNM ENERGY INC
TXNM Energy has notified holders of its 5.75% Junior Subordinated Convertible Notes that they may exercise their conversion option from October 1, 2026, to December 31, 2026. Upon conversion, the company will deliver 5.75% non-convertible junior subordinated notes for the principal amount and common stock for any excess. Furthermore, the pending merger with affiliates of Blackstone Infrastructure Partners will constitute a 'make-whole fundamental change' for the convertible notes if consummated.…more
TXNM ENERGY INC
TXNM Energy has raised approximately $400 million through an underwritten public offering of 7,079,646 shares of its common stock at a price of $56.50 per share. The company intends to use the net proceeds to repay its $400 million term loan agreement. The offering was closed on September 2, 2026.…more
TXNM ENERGY INC
TXNM Energy has finalized a public offering of 7,079,646 shares of common stock at $56.50 per share, raising approximately $400 million. The net proceeds will be used entirely to repay borrowings under the 'TXNM 2026 Term Loan.' This issuance will result in dilution for existing shareholders.…more
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TXNM Energy Prices $400M Stock Offering to Repay Debt
TXNM Energy has priced its public offering of common stock at $56.50 per share to raise approximately $400 million. The company intends to use the net proceeds to repay its existing term loan borrowings.…more
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TXNM Energy has announced a public offering of common stock valued at $400 million. This move is expected to exert downward pressure on the stock price due to the potential dilution of existing shareholder equity.…more
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