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NewtekOne, Inc, 8.00% Notes Due 09/1/2028
Ticker Symbol: NEWTI CUSIP: 652526807 Exchange: NGM
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QUANTUMONLINE.COM SECURITY DESCRIPTION: NewtekOne, Inc, 8.00% Notes Due 2028 issued in $25 denominations, redeemable at the issuer's option on or after 09/01/2025 at $25 per note plus accrued and unpaid interest, and maturing 09/01/2028. Interest distributions of 8.00% per annum ($2.00 per annum or $0.50 per quarter) will be paid quarterly on 3/1, 6/1, 9/1 & 12/1 to holders of record on the record date that will be 2/15, 5/15, 8/15, & 11/15 (NOTE: the ex-dividend date is one business day prior to the record date). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. This security was not rated by Moody’s or S&P at the time of its IPO. This security was rated as BBB+ by Egan Jones Ratings Co. at the date of its IPO. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (NEWT)
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Notes: January 6th, 20223-- Newtek Business Services Corp. (NASDAQ: NEWT) (“Newtek”) announced that on January 6, 2023, it completed its acquisition of the National Bank of New York City (“NBNYC”), a 59-year-old national bank regulated and supervised by the Office of the Comptroller of the Currency, and converted to a financial holding company. NBNYC has been renamed Newtek Bank, National Association™ (“Newtek Bank, N.A.”) and has become a wholly owned subsidiary of the Company. In addition, Newtek has filed with the Securities and Exchange Commission its notification of withdrawal of election to be subject to the Investment Company Act of 1940, and has ceased to be a business development company as of January 6, 2023. Within the next two weeks, Newtek will change its name from Newtek Business Services Corp. to NewtekOne, Inc October 22, 2014 -- Newtek Business Services, Inc. NASDAQ: NEWT, announced today the results of the voting by its shareholders, gave their approval to proceed with the Company’s conversion to a business development company (BDC) In addition, the shareholders also approved the proposed reverse split of the Company’s shares. Board of Directors met and approved a reverse split ratio of one new share for each five (1:5) of the Company’s current common shares. The reverse split will be effective as of the close of business today,
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IPO - 8/24/2023 - 1.40 Million Notes @ $25.00/note.
Link to IPO Prospectus
Click for current NEWTI price quote from the NASDAQ
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 4800 T Rex Avenue, Suite 120, Boca Raton, FL 33431 |
| Main Phone Number |
212-356-9500 |
| Fax Number |
Not Available |
| Investor Relations
Jayne Cavuoto
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212-273-8179
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| Toll Free Phone Number |
855-284-3722 |
| CEO - Barry Sloane |
CFO - M. Scott Price |
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