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Newtek Business Services closes common stock offering

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Newtek Business Services closes common stock offering

Newtek Business Services Corp closed an underwritten public offering of 2,587,500 common shares at a per-share offering price of $15.25.

The share count included the underwriters' exercise of their option to buy up to an additional 337,500 shares.

Keefe Bruyette & Woods, Raymond James & Associates Inc. and UBS Investment Bank served as joint book-runners for the offering.