---
title: "TXNM Energy unit PNM signs USD 195 million term loan due January 2028"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293382617.md"
description: "TXNM Energy unit PNM signed a USD 195 million term loan led by CIBC, maturing in January 2028. The proceeds will refinance PNM's existing 2025 term loan balance due July 2026. The agreement includes a covenant requiring the consolidated debt-to-capitalization ratio to remain at or below 0.65:1.00 at each fiscal quarter-end."
datetime: "2026-07-21T20:22:25.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293382617.md)
  - [en](https://longbridge.com/en/news/293382617.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293382617.md)
generator: "portal-rs"
---

# TXNM Energy unit PNM signs USD 195 million term loan due January 2028

-   TXNM Energy unit PNM signed a USD 195 million term loan with lender group led by Canadian Imperial Bank of Commerce, New York Branch. \* Loan closes July 21, 2026. Matures Jan. 21, 2028. \* Proceeds earmarked to refinance PNM’s 2025 term loan balance due July 21, 2026. \* Includes covenant requiring consolidated debt-to-capitalization ratio at or below 0.65:1.00 at each fiscal quarter-end. 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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001108426-26-000044), on July 21, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**