TXNM Energy Amends Credit Agreements Amid Merger Waivers

TXNM Energy ( (TXNM) ) has provided an announcement.

On May 23, 2025, TXNM Energy, Inc. made significant amendments to its credit agreements, including its $300 million revolving credit agreement and $500 million term loan agreement, to redefine ‘Change of Control’ and waive defaults related to its merger agreement with Troy ParentCo LLC. Additionally, Texas-New Mexico Power Company amended its $200 million revolving credit agreement to prevent a Bond Repurchase Event for its $1.505 billion First Mortgage Bonds. The termination of TXNM’s $910 million Merger Backstop Revolving Facility followed these amendments, as the necessary waivers were obtained.

The most recent analyst rating on (TXNM) stock is a Hold with a $45.00 price target. To see the full list of analyst forecasts on TXNM Energy stock, see the TXNM Stock Forecast page.

Spark’s Take on TXNM Stock

According to Spark, TipRanks’ AI Analyst, TXNM is a Outperform.

TXNM Energy’s overall score reflects strong profitability growth and strategic investments, balanced by the challenges of high leverage and negative cash flow. Technical indicators show stability, while recent corporate events like the acquisition and rate approvals improve the outlook. Valuation remains fair, presenting a balanced investment opportunity with moderate risks and potential for long-term growth.

To see Spark’s full report on TXNM stock, click here.

More about TXNM Energy

TXNM Energy, Inc. is a New Mexico-based company operating in the energy sector. It primarily deals with credit agreements and financial instruments, focusing on maintaining and amending its revolving credit and term loan agreements.

Average Trading Volume: 1,514,902

Technical Sentiment Signal: Buy

Current Market Cap: $5.26B

For detailed information about TXNM stock, go to TipRanks’ Stock Analysis page.