BOCA RATON, Fla., Dec. 09, 2021 (GLOBE NEWSWIRE) -- Newtek Business Services Corp.(“Newtek” or the “Company”), (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. A copy of the notice of redemption is attached to the Company’s Current Report on Form 8-K as Exhibit 99.1 that was filed with the SEC on November 29, 2021, and can be accessed through the following link https://investor.newtekbusinessservices.com/node/16791/html.
Read more at globenewswire.comNewtek Exercises Its Option to Partially Redeem its 5.75% Notes Due 2024
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