Quick Search
Top Banner

Just a reminder to all website users who have not made a contribution recently, that QuantumOnline.com is 100% user supported website, and consequently needs regular contributions from all of its users to support website enhancements and other improvements.

Register
quantumonline home Income Tables Income Lists Stock Lists Special Lists Investment Services Investment Information quantumonline home

NewtekOne, Inc., 5.75% Notes Due 8/1/2024
Ticker Symbol: NEWTL*     CUSIP: 652526609     Exchange: NGM
Security Type:   Exchange-Traded Debt Security
* NOTE: This security is no longer trading as of 8/01/2024

QUANTUMONLINE.COM SECURITY DESCRIPTION:  NewtekOne, Inc formerly, Newtek Business Services Corp., 5.75% Notes Due 08/1/2024 issued in $25 denominations, redeemable at the issuer's option on or after 8/1/2021 at $25 per note plus accrued and unpaid interest, and maturing 8/1/2024.

Interest distributions of 5.75% per annum ($1.4375 per annum or $0.359375 per quarter) will be paid quarterly on 2/1, 5/1, 8/1 & 11/1 to holders of record on the record date that will be 1/15, 4/15, 7/15, & 10/15 (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.

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.

Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Distribution Dates 15%
Tax Rate
NGM
Chart
5.75%
$1.44
$25.00
$25.00
8/01/2021
8/01/2024
NF NF
12/31/2023
2/1, 5/1, 8/1 & 11/1
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
No

Go to Parent Company's Record (NEWT)

Notes:  Dec. 09, 2021 -- Newtek Business Services Corp. (NASDAQ: NEWT), an internally managed business development company (“BDC”), today announced that the Company has caused notices to be issued to the holders of its 5.75% Notes due 2024 (CUSIP No. 652526 609; NASDAQ: NEWTL) (the “Notes”) regarding the Company’s exercise of its option to redeem $40,000,000 of the issued and outstanding Notes ($78,250,000 in aggregate principal amount outstanding) on December 29, 2021 (the “Redemption Date”). The Notes will be redeemed at 100% of their principal amount ($25 per Note), plus the accrued and unpaid interest thereon through, but excluding, the Redemption Date.

IPO - 7/30/2019 - 2.20 Million Notes @ $25.00 /note.    Link to IPO Prospectus
Previous Name: Newtek Business Services Corp    Changed: 1/17/2023
Market Value $ Million

Company's Online Information Links
HOME PAGE:     https://www.newtekone.com/
Company's Investor Relations Information Go to Investor Relations Information
Company's Online News Releases Go to News Releases
Online Company Profile Go to Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC Filings

Company's Email Address Links
Inv Rel Email Address jcavuoto@newtekone.com
General Email Address info@newtekone.com
Email Contact Form on Website Go to Email Form

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 212-273-8179
Toll Free Phone Number 855-284-3722
CEO - Barry Sloane CFO - M. Scott Price

Find a problem? Please use our Feedback Page or Email us.
Have you filled out our Guestbook? If not, please do.


investment Links contact quantumonline guestbook
quantumonline supporters about quantumonline using quantumonline


QuantumOnline.com
Copyright © 1997 - 2025 QuantumOnline.com. All rights reserved.
Web page design latest update: 2/24/2025
Web page financial information is most recent information available and more recent than last web page design date.