TXNM Energy Issues $350 Million Convertible Notes Due 2056
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TXNM Energy Inc. has issued $350 million in 7.000% Fixed-to-Fixed Reset Rate Junior Subordinated Convertible Notes due 2056. These notes are unsecured, subordinate to senior debt, and rank equally with existing 5.75% notes due 2054. The company can defer interest payments for up to 20 semi-annual periods, with compounding interest during deferral. Redemption is possible before maturity. This information, generated by Public Technologies using AI, is for informational purposes and not financial advice.
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