← TXNM ENERGY INC

TERM LOAN AGREEMENT

Signed Jul 21, 2026

Committed
$195m
Matures
Jan 2028
TrancheSizeMaturesMargin
Term Loans$195mJan 202890 bps

Priced over Term SOFR, floor 0 bps (Term Loan A).

LevelConditionMarginUnused fee
Level Level 1all times90 bpsn/a

§3.1(a)

Lenders: Canadian Imperial Bank of Commerce, New York Branch, BOFA Securities, Inc., Canadian Imperial Bank of Commerce, Bank of America, N.A.

Tested quarterlyHeadroom not yet measured0.65x
The ratio of (a) Consolidated Indebtedness to (b) Consolidated Capitalization shall be less than or equal to 0.65 to 1.0 as of the last day of any Fiscal Quarter.
Read the filing on sec.gov ↗

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