Item 1.01 Entry into a Material Definitive Agreement.
On
Under the PNM Note Purchase Agreement, PNM has agreed to issue the PNM 2021 SUNs
in a private placement transaction in reliance on an exemption from registration
under the Securities Act of 1933, as amended (the "Securities Act") on or before
The terms of the PNM Note Purchase Agreement, which will continue to apply so
long as any of the PNM 2021 SUNs are outstanding, include customary covenants,
including a covenant that requires PNM to maintain a debt-to-capitalization
ratio of less than or equal to 65%, customary events of default, including a
cross-default provision, and covenants regarding parity of financial covenants,
liens and guarantees with respect to PNM's material credit facilities. In the
event of a change of control (as defined in the PNM Note Purchase Agreement,
which definition would not include the pending merger between
The foregoing description is qualified in its entirety by the PNM Note Purchase Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The PNM 2021 SUNs are not registered under the Securities Act and may not be
offered or sold in
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth above under Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits. (d) Exhibits: Exhibit Number Description
10.1 Note Purchase A greement, dated Se ptember 23, 2021,
between P ublic Service C omp any of
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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