PNM Resources Closes Offering of $500 Million 5.75% Junior Subordinated Convertible Notes due 2054
PNMPNM Resources(PNM) Prnewswire·2024-06-11 04:15

ALBUQUERQUE, N.M., June 10, 2024 /PRNewswire/ -- PNM Resources (NYSE: PNM) today announced the closing of its offering of $500,000,000 aggregate principal amount of 5.75% junior subordinated convertible notes due 2054 (the "convertible notes"). Pursuant to the option granted by PNM Resources to the initial purchasers of the convertible notes to purchase, within a 13-day period, beginning on, and including, the date on which the convertible notes were first issued, the initial purchasers may purchase up to a ...