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NewtekOne, Inc. 5.50% Notes due 2/1/2026
Ticker Symbol: NEWTZ CUSIP: 652526708 Exchange: NGM
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QUANTUMONLINE.COM SECURITY DESCRIPTION: NewtekOne, Inc. formerly, Newtek Business Services Corp., 5.50% Notes due 2026, issued in $25 denominations, redeemable at the issuer's option on or after 02/01/2022 at $25 per note plus accrued and unpaid interest, and maturing 02/01/2026. Interest distributions of 5.50% per annum ($1.375 per annum or $0.34375 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 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. This security was rated as BBB+ by Egan Jones Rating 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)
Notes: 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 - 1/14/2021 - 4.00 Million Notes @ $25/note.
Link to IPO Prospectus
Previous Name: Newtek Business Services Corp Changed: 1/17/2023
Market Value $ Million
Click for current NEWTZ 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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