FBR Capital Markets Acts as Lead Placement Agent in $1.35 Billion Private Placement for Thornburg Mortgage
ARLINGTON, Va., April 3, 2008 /PRNewswire-FirstCall/ -- FBR Capital Markets Corporation (NASDAQ:FBCM) today announced its subsidiary, Friedman, Billings, Ramsey & Co., Inc., has acted as lead placement agent in connection with a $1.35 billion private placement of senior subordinated secured notes and warrants for Thornburg Mortgage Inc. (NYSE:TMA), a leading, nationwide single family residential mortgage lender.
FBR Capital Markets served as lead placement agent and financial advisor to Thornburg in connection with this transaction.
"FBR Capital Markets is pleased to have assisted Thornburg in completing this vitally important transaction," said Rick Hendrix, President and COO of FBR Capital Markets.
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The securities issued by Thornburg Mortgage Inc. in the foregoing transaction have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent such registration or an applicable exemption therefrom. This press release shall not constitute an offer to sell securities and is not soliciting an offer to buy securities.
FBR Capital Markets Corporation (FBR Capital Markets), a majority-owned subsidiary of Friedman, Billings, Ramsey Group, Inc. (FBR), provides investment banking*, merger and acquisition advisory services*, institutional brokerage*, asset management and private wealth services. FBR Capital Markets focuses capital and financial expertise on eight industry sectors: consumer, diversified industrials, energy & natural resources, financial institutions, healthcare, insurance, real estate, and technology, media & telecom. FBR is headquartered in the Washington, D.C. metropolitan area with offices in Arlington, VA; Boston; Dallas; Houston; Irvine; New York; San Francisco; London, England; and Sydney, Australia. For more information, please visit
http://www.fbrcapitalmarkets.com/.*Friedman, Billings, Ramsey & Co., Inc.
DATASOURCE: FBR Capital Markets Corporation
CONTACT: Media: Lauren Burk, +1-703-469-1004, , or
Investors: Paul Beattie, +1-703-312-9673, , both of FBR
Capital Markets Corporation
Web site:
http://www.fbrcapitalmarkets.com/