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Financing (Tables)

9 Months Ended

Sep. 30, 2020

Information concerning the funding dates, maturities and interest rates on the TNMP 2020 Bonds issued in April and July 2020 are as follows:


Funding Date	Maturity Date	Principal Amount		Interest Rate
		(In millions)
April 24, 2020	April 24, 2030	$	85.0	2.73	%
April 24, 2020	April 24, 2050	25.0		3.36
		110.0

July 15, 2020	July 15, 2035	25.0		2.93
July 15, 2020	July 15, 2050	50.0		3.36
		$	185.0

Information concerning the funding dates, mandatory tender dates, and interest rates on the PNM 2020 Fixed Rate PCRBs are as follows:


Funding Date	Mandatory Tender Date	Principal Amount		Interest Rate
		(In millions)
July 22, 2020	June 1, 2022	$	36.0	1.05	%
July 22, 2020	June 1, 2022	11.5		1.20
July 22, 2020	June 1, 2023	130.0		1.10
July 22, 2020	June 1, 2024	125.0		1.15
		$	302.5

Schedule of Short-term Debt

Short-term debt outstanding consists of:


	September 30,		December 31,
Short-term Debt	2020		2019
	(In thousands)
PNM:
PNM Revolving Credit Facility	$	1,700	$	48,000
PNM 2017 New Mexico Credit Facility	20,000		10,000
	21,700		58,000
TNMP:
TNMP Revolving Credit Facility	—		15,000
TNMP Electricity Relief ERCOT loan (Note 12)	494		—
	494		15,000

PNMR Revolving Credit Facility	162,100		112,100



	$	184,294	$	185,100

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details