March 29, 2018 / 1:11 PM / 4 months ago

BRIEF-Newtek Announces The Signing Of A Letter Of Intent For New $75.0 Million SBA 504 Credit Facility With Capital One

March 29 (Reuters) - Newtek Business Services Corp:

* NEWTEK ANNOUNCES THE SIGNING OF A LETTER OF INTENT FOR NEW $75.0 MILLION SBA 504 CREDIT FACILITY WITH CAPITAL ONE

* NEWTEK BUSINESS SERVICES - EXPECT FACILITY TO CONTAIN $75 MILLION ACCORDION FEATURE TO ALLOW NBL TO INCREASE BORROWING UNDER FACILITY TO $150 MILLION

* NEWTEK BUSINESS SERVICES CORP - INTEND TO CONSOLIDATE PORTFOLIO COMPANY SBA 504 LENDING WITHIN NBL GOING FORWARD

* NEWTEK BUSINESS SERVICES- EXISTING LINE OF CREDIT USED TO FINANCE PORTFOLIO CO ORIGINATED SBA 504 LOANS IN PROCESS OF BEING INCREASED TO $40.0 MILLION Source text for Eikon: Further company coverage:

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