-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, FuwCV18vMAW5P09p5ptWYiNTvBs7U2k9oMUlP319Qlt4cpISFS8aCWpkJs3CWfq1 hpdonLjLtYAsG2KdOUDuCQ== 0000950136-08-002472.txt : 20080509 0000950136-08-002472.hdr.sgml : 20080509 20080509134539 ACCESSION NUMBER: 0000950136-08-002472 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080509 DATE AS OF CHANGE: 20080509 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PNM RESOURCES INC CENTRAL INDEX KEY: 0001108426 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 850019030 STATE OF INCORPORATION: NM FISCAL YEAR END: 0627 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-150101 FILM NUMBER: 08817466 BUSINESS ADDRESS: STREET 1: ALVARADO SQUARE STREET 2: NEW MEXICO CITY: ALBUQUERQUE STATE: NM ZIP: 87158 BUSINESS PHONE: 5052412700 MAIL ADDRESS: STREET 1: ALVARADO SQUARE CITY: ALBUQUERQUE STATE: NM ZIP: 87158 FORMER COMPANY: FORMER CONFORMED NAME: MANZANO CORP DATE OF NAME CHANGE: 20000303 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PNM RESOURCES INC CENTRAL INDEX KEY: 0001108426 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 850019030 STATE OF INCORPORATION: NM FISCAL YEAR END: 0627 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: ALVARADO SQUARE STREET 2: NEW MEXICO CITY: ALBUQUERQUE STATE: NM ZIP: 87158 BUSINESS PHONE: 5052412700 MAIL ADDRESS: STREET 1: ALVARADO SQUARE CITY: ALBUQUERQUE STATE: NM ZIP: 87158 FORMER COMPANY: FORMER CONFORMED NAME: MANZANO CORP DATE OF NAME CHANGE: 20000303 FWP 1 file1.htm FREE WRITING PROSPECTUS



Free Writing Prospectus

Filed Pursuant to Rule 433

Registration Statement No.: 333-150101


PNM RESOURCES, INC.

9.25% SENIOR NOTES, SERIES A DUE 2015


Issuer:

PNM Resources, Inc.

Ratings:

Ba2/BB- (Moody’s/S&P)

Aggregate Principal Amount of Remarketed Notes and Underwritten Notes:


$350,000,000

Security Type:

Senior Notes

Legal Format:

SEC Registered

Trade Date:

May 9, 2008

Settlement Date:

May 16, 2008

Maturity Date:

May 15, 2015

Issue Price:

100.00% of principal amount

Coupon:

9.25%

Benchmark Treasury:

4.125% due May 15, 2015

Benchmark Treasury Yield:

3.77%

Spread to Benchmark Treasury:

588 basis points (5.88%)

Interest Payment Dates:

Semi-annually on May 15 and November 15, commencing on November 15, 2008

Redemption Provisions:

Not redeemable

Denominations:

$1,000 and integral multiples thereof

Underwriters (firm commitment):

 

Joint Bookrunners:

Banc of America Securities LLC

Lehman Brothers Inc.

Merrill Lynch, Pierce, Fenner & Smith

                     Incorporated

Morgan Stanley & Co. Incorporated

Wachovia Capital Markets, LLC

Co-managers:

Citigroup Global Markets Inc.

Deutsche Bank Securities Inc.

J.P. Morgan Securities Inc.

RBC Capital Markets Corporation

Wedbush Morgan Securities Inc.

Qualified Independent Underwriter:

Deutsche Bank Securities Inc.

Remarketing Agents (reasonable efforts basis):

Banc of America Securities LLC

Lehman Brothers Inc.

Merrill Lynch, Pierce, Fenner & Smith

                     Incorporated

Morgan Stanley & Co. Incorporated

Wachovia Capital Markets, LLC

Citigroup Global Markets Inc.

Deutsche Bank Securities Inc.

J.P. Morgan Securities Inc.

RBC Capital Markets Corporation

Wedbush Morgan Securities Inc.


The issuer has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (SEC) for this offering.  Before you invest, you should read the prospectus for this offering in that registration statement, and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering.  You may get these documents for free by searching the SEC online database (EDGAR®) at www.sec.gov.  Alternatively, you may obtain a copy of the prospectus from Banc of America Securities LLC by calling 1-800-294-1322 or from Lehman Brothers Inc. by calling 1-888-603-5847.


Note: a securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.







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