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PNM Resources extends maturity date of $100M term loan

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PNM Resources extends maturity date of $100M term loan

PNM Resources Inc. amended its $100 million term loan agreement to extend the maturity date to Dec. 14, 2018, from Dec. 21, 2017.

The amendment also changes the definition of applicable percentage for Eurodollar loans to 0.80% from 0.85% with all other terms and conditions of the agreement remaining the same, according to a Dec. 18 Form 8-K filing. The amendment was effective Dec. 15.

Wells Fargo NA served as the administrative agent.