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Newtek Business Services Corp., 7.50% Notes due 9/30/2022
Ticker Symbol: NEWTZ*     CUSIP: 652526302     Exchange: NGM
Security Type:   Exchange-Traded Debt Security
* NOTE: This security is no longer trading as of 8/29/2019

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Newtek Business Services Corp., 7.5% Notes due 9/2022, issued in $25 denominations, redeemable at the issuer's option on or after 9/23/2018 at $25 per note plus accrued and unpaid interest, and maturing 9/30/2022. Interest distributions of 7.50% per annum ($1.875 per annum or $0.46875 per quarter) will be paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the record date that will be 3/15, 6/15, 9/15 & 12/15 respectively (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
7.50%
$1.88
$25.00
$25.00
9/23/2018
9/30/2022
NF NF
4/02/2019
3/31, 6/30, 9/30 & 12/31
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
No

Go to Parent Company's Record (NEWT)

Notes:  From the form 8-K filed with the SEC on 7/29/19 -- NOTICE IS HEREBY GIVEN, pursuant to Section 1104 of the Indenture dated as of September 23, 2015, between Newtek Business Services Corp. and U.S. Bank National Association, and Section 1.01(h) of the First Supplemental Indenture dated as of September 23, 2015, that the Company is electing to exercise its option to redeem, in full, the 7.50% Notes due 2022. The Company will redeem all of the issued and outstanding Notes ($8,324,000 in aggregate principal amount) in full on August 29, 2019. The redemption price for the Notes equals $25 in principal amount per Note being redeemed (or $8,324,000 in aggregate principal amount of the Notes), plus the accrued and unpaid interest thereon from June 30, 2019, through, but excluding, the Redemption Date. The aggregate accrued interest on the Notes payable on the Redemption Date will be approximately $102,315.84 (or approximately $0.3073 on each $25 principal amount of the Notes). On the Redemption Date, the Redemption Payment will become due and payable to the Holders of the Notes. Interest on the $8,324,000 in principal amount of Notes being redeemed will cease to accrue on and after the Redemption Date. Unless the Company defaults in paying the Redemption Payment with respect to such Notes, the only remaining right of the Holders with respect to such Notes will be to receive payment of the Redemption Payment upon presentation and surrender of such Notes to the Trustee in its capacity as Paying Agent. Notes held in book-entry form will be redeemed and the Redemption Payment with respect to such Notes will be paid in accordance with the applicable procedures of The Depository Trust Company.

IPO - 9/16/2015 - 330,000 Notes @ $25.00 /note.    Link to IPO Prospectus
Market Value $8.2 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@thesba.com
General Email Address info@newtekone.com
Email Contact Form on Website Go to Email Form

Address and Phone Numbers
Address:   1981 Marcus Avenue, Suite 130, Lake Success, NY 11042
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 - Jennifer C. Eddelson

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