← TXNM ENERGY INC

TERM LOAN AGREEMENT

Signed Jul 17, 2026

Committed
$400m
Matures
Jan 2029
TrancheSizeMaturesMargin
Term Loan$400mJan 2029135–160 bps

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

LevelConditionMarginUnused fee
Level I> BBB-/Baa3135 bpsn/a
Level II< BB+ or unrated/Ba1 or unrated160 bpsn/a

Lenders: Wells Fargo Securities, LLC, Wells Fargo Bank, National Association

Tested quarterlyHeadroom not yet measured0.70x
The ratio of (a) Consolidated Indebtedness to (b) Consolidated Capitalization shall be less than or equal to 0.70 to 1.0 as of the last day of any Fiscal Quarter.
Read the filing on sec.gov ↗

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