TXNM Energy prices 7,079,646-share follow-on offering at $56.5 per share

Reuters2026/09/01 00:29

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

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.

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 PR Newswire (Ref. ID: LA37670) on September 01, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

TXNM Energy prices 7,079,646-share follow-on offering at $56.5 per share

You may also like

Crypto prices