Thornburg Doubles CP Facility to $10B

January 24, 2006, 3:00 p.m. EST 1 Min Read

Thornburg Mortgage Inc., Santa Fe, N.M., has doubled the size of its asset-backed commercial paper facility to $10 billion, according to the company.Thornburg said the facility, established in June 2004, gives it an alternative way to finance its adjustable-rate mortgage-backed securities portfolio. Lehman Brothers Inc. is the structuring agent and lead dealer for the transaction. Thornburg can be found online at http://www.thornburgmortgage.com.

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