Thornburg Prices Stock Offering

Thornburg Mortgage Inc., Santa Fe, N.M., has priced a follow-on offering of 4.0 million shares of common stock at $30.80 per share.The offering raised net proceeds of $117.3 million, Thornburg reported. The book-running lead manager was Citigroup Global Markets Inc., and A.G. Edwards & Sons, Piper Jaffray & Co., RBC Capital Markets Corp., and Flagstone Securities LLC were the co-managers. Thornburg has granted the underwriters a 30-day option to purchase up to 600,000 additional shares to cover any overallotments. The company can be found online at http://www.thornburgmortgage.com.

For reprint and licensing requests for this article, click here.
Servicing Originations
MORE FROM NATIONAL MORTGAGE NEWS