PNM Resources Inc

NYSE:PNM  
48.80
-0.10 (-0.20%)
4:00:00 PM EDT: $48.75 -0.05 (-0.10%)
Debt Financing / Related

Pnm Resources Says Entered $1 Bln Delayed-Draw Term Loan Agreement, Among Co, Lenders Party Thereto & Wells Fargo As Administrative Agent

Published: 05/18/2021 21:27 GMT
PNM Resources Inc (PNM) - Pnm Resources - Entered $1.0 Billion Delayed-draw Term Loan Agreement, Among Co, Lenders Party Thereto & Wells Fargo As Administrative Agent.
Pnm Resources Inc - $1.0 Billion Term Loan is Effective As of May 18, 2021 and Has a Maturity Date of May 18, 2023.
Pnm Resources - Used Proceeds to Prepay Without Penalty $92.1 Million of Borrowings Under Co's $300.0 Million Revolving Credit Agreement Dated July 30, 2018.
Pnm Resources Inc - Expects to Use Remaining Proceeds of $1.0 Billion Term Loan for General Corporate Purposes.
Pnm Resources - Expects to Use Remaining Proceeds for General Corporate Purposes, Including Capital Contributions to Co's Wholly-owned Units.