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TXNM Energy prices 7,079,646-share follow-on offering at $56.5 per share

PUBT·09/01/2026 00:29:07
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TXNM Energy prices 7,079,646-share follow-on offering at $56.5 per share
  • TXNM Energy priced an underwritten public offering of 7,079,646 common shares at USD 56.5 each.
  • Gross proceeds expected at about USD 400 million.
  • Net proceeds earmarked to repay borrowings under its USD 400 million term loan agreement.
  • Wells Fargo Securities named sole book-running manager.
  • Closing expected on or about Sept. 2, 2026, subject to customary conditions.


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 PR Newswire (Ref. ID: LA37670) on September 01, 2026, and is solely responsible for the information contained therein.