The Firm represented BofA Securities, Inc., MUFG Securities Americas Inc. and Wells Fargo Securities, LLC as sales agents (the “Agents”) and Bank of America, N.A., MUFG Securities EMEA plc and Wells Fargo Bank, N.A. as forward purchasers, in connection with an at-the-market equity program for PNM Resources, Inc. (“PNMR”), pursuant to which shares of PNMR’s common stock having an aggregate sales price of up to $200 million may be sold from time to time by the Agents. In addition to the issuance and sale of common stock through the Agents, PNMR may also enter into forward sale transactions with the forward purchasers.
PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M. Through its regulated utilities, Public Service Company of New Mexico and Texas-New Mexico Power, PNM Resources has approximately 3.0 gigawatts of generation capacity and provides electricity to more than 800,000 homes and businesses in New Mexico and Texas.
The Simpson Thacher team included Mark Brod and Siak Yong Goh (Capital Markets); Jonathan Lindabury, Nathan Utterback and Danielle Robinson (Derivatives); Brian Chisling and Michael Kalinin (Regulatory); Jonathon Cantor and Lina Pan (Tax); Michael Isby (Environmental); and Jennie Getsin (FINRA and Blue Sky).