2300 North Ridgetop Road
Santa Fe, New Mexico 87506
Phone: (505) 989-1900
Thornburg Mortgage Inc., 8% Senior Notes due 2013 (TMA.GB)
It is not expected that there will be any distribution to the Company's equity holders in connection with the bankruptcy cases.
Adfitech was a Non-Debtor subsidiary. Senior Note Holders, who had a claim of $304.7 million, received a package of Adfitech securities and cash valued at $38.6 million. For each $1000 in principal amount of TMA.GB, holders received $121.88 in value comprised of $78.26 in Adfitech Inc 8% Sr Secured Notes due 3/05/20 (ADFT.AA), $37.60 (20 shares) in Adfitech common stock (ADFT) and $6.02 in cash. This lowered the remaining claim to $878.12 per $1000 principal amount. The remaining claim is $266.1 million.
Sr Subordinated Note holders have a claim of $1.3 billion, while Jr Subordinated Note claims are $213.8 million.
All claim amounts listed above do not take into account any post-petition interest payable from the filing date forward.
Chapter 11 information: http://chapter11.epiqsystems.com/thornburgmortgage
SEC Filings: http://www.snl.com/irweblinkx/docs.aspx?iid=103048