TXNM (TXNM) Prices a $400M Equity Offering to Repay Term Debt. Does Balance-Sheet Repair Justify the Dilution Before Its Blackstone Transaction Closes?
TXNM Energy, Inc. (NYSE:TXNM) priced an underwritten offering of 7,079,646 common shares at $56.50 each, producing approximately $400 million in gross proceeds.



