Thornburg Mortgage Inc., Santa Fe, N.M., has priced an offering of 4.0 million shares of common stock at $27.60 per share.Net proceeds from the transaction, which are estimated at $104.6 million, will be used mainly to fund adjustable-rate mortgage loans originated by the company and to buy additional ARM securities, Thornburg said. UBS Investment Bank acted as the book-running lead manager for the transaction. A.G. Edwards & Sons was the co-lead manager, and RBC Capital Markets acted as co-manager. The underwriters have been granted a 30-day option to buy up to an additional 600,000 shares of common stock to cover any overallotments. Thornburg can be found online at http://www.thornburg.com.
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