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TXNM Energy Launches $400 Million Public Offering

TXNM Energy Launches $400 Million Public Offering

MT newswireMT newswire2026/08/31 20:17
04:17 PM EDT, 08/31/2026 (MT Newswires) -- TXNM Energy (TXNM) said late Monday it has started an underwritten public offering of $400 million shares, with Wells Fargo Securities as the book-running manager. The company said it plans to use the net proceeds to repay borrowings under its $400 million term loan agreement.
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