PNM Resources Expands Revolving Credit Facility to $600 Million.

PNM Resources has closed a $600 million revolving credit facility that extends the maturity through August 15, 2010 and increases the size of its current $400 million facility. The new credit facility includes 19 lenders and is led by Bank of America and Wachovia Bank. PNM's New Mexico electric and gas utility has also entered into a new $400 million credit facility that will replace its existing $300 million facility. The term of the new facility will be extended through August 17, 2010 upon New Mexico Public Regulation Commission approval.