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