By Andrea Heisinger
New York, March 27 - Texas-New Mexico Power Co. added $3.5 million to its issue of 9.5% 10-year notes, according to an 8-K filing with the Securities and Exchange Commission.
The Rule 144A and Regulation S notes are priced at 97.643 to yield 9.875%.
Total issuance is $265.5 million, including $262 million priced on March 16.
Proceeds will be used to repay borrowings under a $200 million credit agreement.
The electric subsidiary of PNM Resources, Inc. is based in Lewisville, Texas.
| Issuer: | Texas-New Mexico Power Co.
|
| Issue: | First mortgage bonds
|
| Amount: | $3.5 million add-on
|
| Maturity: | April 1, 2019
|
| Coupon: | 9.5%
|
| Price: | 97.643
|
| Yield: | 9.875%
|
| Distribution: | Rule 144A/Regulation S
|
| Trade date: | March 20
|
| Settlement date: | March 23
|
| Total issuance: | $265.5 million, including $262 million priced March 16
|
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