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Newtek Business Services Corp., 6.25% Notes Due 3/1/2023
Ticker Symbol: NEWTI* CUSIP: 652526500 Exchange: NGM
* NOTE: This security is no longer trading as of 2/22/2021
Security has been Called for: Monday, February 22, 2021
January 22, 2021 -- The Company will redeem all of the outstanding 6.25% Notes due 2023 (CUSIP: 652526500; NASDAQ: NEWTI) on February 22, 2021
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Newtek Business Services Corp., 6.25% Notes due 2023, issued in $25 denominations, redeemable at the issuer's option on or after 3/1/2020 at $25 per note plus accrued and unpaid interest, and maturing 3/1/2023. Interest distributions of 6.25% per annum ($1.5625 per annum or $0.390625 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 respectively (NOTE: the ex-dividend date is at least 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. This security was not rated by Moody’s or S&P at the time 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)
IPO - 2/16/2018 - 2.00 Million Notes @ $25.00 /note.
Link to IPO Prospectus
Market Value $50.4 Million
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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 - Christopher Towers |
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