Key Developments: Newtek Business Services Corp (NEWT.OQ)

NEWT.OQ on NASDAQ Stock Exchange Global Market

10.97USD
5 Feb 2016
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Latest Key Developments (Source: Significant Developments)

Newtek Business Services Corp declares fourth quarter 2015 dividend
Wednesday, 16 Dec 2015 02:00pm EST 

Newtek Business Services Corp:Says Company estimates the fourth quarter dividend will be equivalent to approximately $0.40 per share.Payable on January 19, 2016 to shareholders of record date as of January 7, 2016.  Full Article

Newtek Business Services Corp. announces stock repurchase program
Monday, 7 Dec 2015 09:35am EST 

Newtek Business Services Corp:Board approved a repurchase program under which the Company may repurchase up to 150,000 shares, which represents 1.2% of the outstanding shares of common stock, par value $0.001, of the Company as of December 3, 2015.Unless extended or terminated by its board of directors, the Company expects the termination date for this new repurchase program will be on June 3, 2016.Expects to finance the repurchases with available liquidity and the repurchased Shares will be designated as authorized but unissued Common Stock.  Full Article

Newtek Business Services Corp closes public offering of 2,300,000 shares of common stock
Thursday, 15 Oct 2015 01:50pm EDT 

Newtek Business Services Corp:Announces that it has closed an underwritten offering of 2,300,000 shares of common stock at a public offering price of $16.50.  Full Article

Newtek Business Services Corp reaffirms third quarter dividend of $0.50 per share Company
Thursday, 15 Oct 2015 01:50pm EDT 

Newtek Business Services Corp:Announced that it has reaffirmed its third quarter dividend of $0.50 per share.Dividend is payable on November 3, 2015 to all shareholders of record as of October 22, 2015.  Full Article

Newtek Business Services Corp prices public offering of 2,000,000 shares of common stock
Thursday, 8 Oct 2015 07:09pm EDT 

Newtek Business Services Corp:Priced an underwritten offering of 2,000,000 shares of common stock at a public offering price of $16.50, raising expected total gross proceeds of approximately $33 million.Keefe, Bruyette & Woods, Inc., Raymond James & Associates, Inc. and JMP Securities LLC are acting as joint bookrunners for this offering, and Ladenburg Thalmann & Co. Inc. and Compass Point Research & Trading, LLC are acting as co-managers.Says closing of the transaction is subject to customary closing conditions, and the shares are expected to be delivered on or about October 15, 2015.Newtek has granted the underwriters a 30-day option to purchase up to an additional 300,000 shares of Newtek's common stock.  Full Article

Newtek Business Services announces public offering of common stock
Wednesday, 7 Oct 2015 05:15pm EDT 

Newtek Business Services Corp :Announces public offering of common stock.Says offering 2 million common shares.Newtek also plans to grant the underwriters an option to purchase up to an additional 300,000 shares of common stock.offering of the shares will be made under Newtek's existing shelf registration statement, which was filed with, and declared effective by, Securities and Exchange Commission.Keefe, Bruyette & Woods, Inc., Raymond James & Associates, Inc. and JMP Securities LLC are acting as joint bookrunners for this offering, and Ladenburg Thalmann & Co. Inc. and Compass Point Research & Trading, LLC are acting as co-managers.  Full Article

Newtek Business Services Corp declares third quarterly cash dividend of $0.50 per share
Thursday, 1 Oct 2015 09:00am EDT 

Newtek Business Services Corp:Declares its third quarterly cash dividend of $0.50 per share, payable on Nov. 3, to shareholders of record as of Oct. 22.  Full Article

Newtek Business Services Corp declares special dividend of $3.29 per share
Thursday, 1 Oct 2015 09:00am EDT 

Newtek Business Services Corp:Declares one-time special dividend of about $34.0 million, or $3.29 per share (based on 10.3 million shares of Newtek Common Stock currently outstanding), payable on Dec. 31, to Newtek shareholders of record as of Nov. 18.  Full Article

Newtek Business Services prices public offering of notes
Wednesday, 16 Sep 2015 05:10pm EDT 

Newtek Business Services Corp:Prices public offering of 7.5% notes due 2022.Says pricing of its public offering of $8.2 million in aggregate principal amount of its 7.5% notes due 2022.Notes will bear interest at a rate of 7.5% per year payable quarterly on March 31, June 30, September 30 and December 31, of each year.  Full Article

Newtek Business Services Corp acquires Premier Payments LLC
Monday, 27 Jul 2015 09:00am EDT 

Newtek Business Services Corp:Acquires premier payments llc.Deal for about $16.5 million.$14.0 million of deal was paid in cash and remainder was paid in newly issued restricted shares of Newtek common stock.Acquisition is expected to be accretive to earnings beginning in the third quarter of 2015.Says has acquired premier payments llc, as a new wholly owned portfolio company.  Full Article

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