Thornburg Prices Stock Offering

Published February 19, 2004, 3:00 p.m. EST

1 Min Read

Thornburg Mortgage Inc., Santa Fe, N.M., has priced an offering of 3.5 million shares of common stock at $29 per share.Net proceeds from the transaction, which are estimated at $96.3 million, will be used mainly to fund loans originated by the company and to buy adjustable-rate mortgage securities, Thornburg said. A.G. Edwards & Sons acted as the book-running lead manager for the transaction. The underwriters have been granted a 30-day option to buy up to 525,000 additional shares of common stock to cover any overallotments. Thornburg can be found online at http://www.thornburg.com.

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