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PNM Resources extends term loan by three months, adds new lender
By Marisa Wong
Morgantown, W.Va., March 7 – PNM Resources, Inc. entered into a third amendment on March 6 to its $150 million term loan with Wells Fargo Bank, NA as administrative agent to extend the maturity date, according to an 8-K filing with the Securities and Exchange Commission.
The amendment extends the maturity date to June 8, 2018 from March 9, 2018, effective March 9.
The amendment also releases the existing lenders under the term loan, other than Wells Fargo, and adds MUFG as a new lender.
PNM Resources is an energy holding company based in Albuquerque.
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