PNM Resources to sell three-year senior notes via two bookrunners

By Devika Patel

Knoxville, Tenn., March 7 – PNM Resources, Inc. expects to price fixed-rate senior notes due 2021, according to a 424B5 filed with the Securities and Exchange Commission.

The notes feature a make-whole call.

Wells Fargo Securities LLC and MUFG are the bookrunners.

Proceeds will be used to repay the company’s loan due June 8, 2018 and borrowings under its revolving credit facility due Oct. 31, 2022 and for general corporate purposes.

PNM Resources is an energy holding company based in Albuquerque.

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