Newtek Business Services Announces
Public Offering of Common Stock
Jan. 24, 2017 (GLOBE NEWSWIRE) -- Newtek Business Services Corp. (Nasdaq:NEWT)
("Newtek") announced today that it plans to
make a public offering of 1,500,000 shares of its common stock. Newtek also plans to grant the underwriters an option
to purchase up to an additional 225,000 shares of common stock. The offering of
the shares will be made under Newtek's existing shelf
registration statement, which was filed with, and declared effective by, the Securities
and Exchange Commission. Keefe,
Bruyette & Woods, A Stifel
Company, Raymond James and UBS
Investment Bank are acting as joint bookrunners
for this offering.
Investors are advised to carefully consider
the investment objective, risks, charges and expenses of Newtek before investing. The preliminary prospectus
supplement dated January 24, 2017 and the accompanying
prospectus dated August 26, 2016, which have been filed with the
Securities and Exchange Commission, contain this and other
information about Newtek and should be read carefully before investing.
The information in the preliminary prospectus
supplement, the accompanying prospectus and this press release is not complete
and may be changed. This press release is not an offer to sell any securities
and is not soliciting an offer to buy such securities in any state where such
offer and sale is not permitted.
The offering may be made only by means of a
preliminary prospectus supplement and an accompanying prospectus, copies of
which may be obtained from: Keefe,
Bruyette & Woods, Inc., 787
Seventh Avenue, Fourth Floor, New
York, New York 10019, telephone: 800-966-1559, email: firstname.lastname@example.org; Raymond
James & Associates, Inc., 880 Carillon Parkway, St.
Petersburg, FL 33716, telephone: 800-248-8863; email@example.com; UBS
Securities LLC, attention: Prospectus Department, 1285 Avenue
of the Americas, New
York, NY 10019, telephone: 888-827-7275.
Services Corp., Your Business Solutions Company®, is an internally
managed business development company, which along with its controlled portfolio
companies, provides a wide range of business services and financial products
under the Newtek® brand
to the small- and medium-sized business ("SMB") market. Since
has provided state-of-the-art, cost-efficient products and services and
efficient business strategies to over 100,000 SMB accounts across all 50 States
to help them grow their sales, control their expenses, and reduce their risk.
Business Lending, including SBA 7(a) and 504 lending, Electronic
Payment Processing, Managed Technology Solutions (Cloud Computing), eCommerce, Accounts Receivable and Inventory Financing,
Insurance Solutions, Web and Ecommerce Solutions, Data Backup, Storage and
Retrieval, and Payroll and Benefit Solutions.
Newtek® and Your
Business Solutions Company® are
registered trademarks of Newtek Business Services Corp.