Underwriters of Newtek Business Services Corp.'s public offering of7.00% notes due 2021have fully exercised their option to purchase an additional $5.3 million of thenotes.
The company received total proceeds of approximately $38.8million from the offering, which includes the full exercise of theoverallotment option.
Keefe Bruyette & Woods and D.A. Davidson & Co. actedas joint book-running managers. Janney Montgomery Scott and Ladenburg Thalmannwere co-managers.