On May 23, 2025, TXNM Energy Inc. announced significant amendments to its existing financing agreements. The company entered into the First Amendment to its $500 million Term Loan Agreement, as well as the Fourteenth Amendment to its $300 million revolving credit agreement, both with Wells Fargo Bank, National Association serving as the administrative agent. These amendments specifically alter the definition of "Change of Control" to ensure that TXNM's recent entry into a Merger Agreement does not constitute a Change of Control, thereby preventing any default events under these loan agreements. Additionally, on May 18, 2025, TXNM secured a waiver for its $30.3 million standby letter of credit facility with Wells Fargo, removing any default risk associated with the merger. These strategic amendments and waivers are aimed at providing TXNM with financial stability and flexibility as it navigates its merger plans.