TXNM Energy prices 7,079,646-share follow-on offering at $56.5 per share
Reuters2026/09/01 00:29- 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.
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