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Newtek Business Services commences public offering of notes

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Newtek Business Services commences public offering of notes

NewtekBusiness Services Corp. on April 13 announced the commencement of apublic offering of $25 million in aggregate principal amount of its notes due2021.

Newtek expects to grant the underwriters in the offering an optionto purchase up to an additional $3.8 million in aggregate principal amount ofnotes to cover any overallotments.

The notes are expected to be listed on the Nasdaq GlobalMarket and to trade thereon within 30 days of the original issue date.

Keefe Bruyette & Woods Inc. is acting as thebook-running manager for the offering. D.A. Davidson & Co., JanneyMontgomery Scott and Ladenburg Thalmann are acting as co-managers.