Business & Finance
Business and Finance
Business and Finance
Tue, January 20, 2009 PNM Resources Announces Extension of Early Participation Date in Tender Offer for Portion of Senior Notes
ALBUQUERQUE, N.M.--([ BUSINESS WIRE ])--PNM Resources (NYSE: PNM) today announced it has extended the Early Participation Date in respect to its previously announced tender offer for a portion of its outstanding 9.25% Senior Notes, Series A, due 2015. The Early Participation Date has been extended until 9 a.m. New York City time on Feb. 3, 2009. All other terms and conditions of the tender offer described in the offer to purchase dated Jan. 5, 2009, remain unchanged.
Previously tendered notes cannot be withdrawn after the Withdrawal Date (defined in the offer to purchase), which expired at 5:00 p.m., New York City time, on January 16, 2009, and noteholders who tender notes after the Withdrawal Date do not have withdrawal rights.
The terms and conditions of the tender offer are described in the offer to purchase and in the related letter of transmittal. Citi, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wedbush Morgan Securities Inc. are the dealer managers for the tender offer. Global Bondholder Services Corporation ("GBSC") is the depositary and information agent. Copies of the offer to purchase and related documents may be obtained from GBSC at (866) 873-7700 or (212) 430-3774 (for banks and brokers). Questions regarding the tender offer may be directed to Citi at (800) 558-3745, Merrill Lynch, Pierce, Fenner & Smith Incorporated at (888) 654-8637, or Wedbush Morgan Securities Inc. at (213) 688-8091.
This press release does not constitute an offer to purchase or a solicitation of any offer to sell the notes or any other securities. The tender offer is being made solely by the offer to purchase and the related letter of transmittal.
Background:
PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M., with 2007 consolidated operating revenues from continuing and discontinued operations of $2.4 billion. Through its utility and energy subsidiaries, PNM Resources has more than 2,700 megawatts of generation resources and serves electricity to more than 859,000 homes and businesses in New Mexico and Texas and natural gas to more than 495,000 customers in New Mexico. The company also has a 50-percent ownership of EnergyCo, which owns approximately 920 megawatts of generation. For more information, visit [ www.PNMResources.com ].
