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Newtek Business Services Corp (NEWT.OQ)

NEWT.OQ on NASDAQ Stock Exchange Global Market

19.33USD
14 Dec 2018
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Latest Key Developments (Source: Significant Developments)

Newtek Business Services Says Newtek Commercial Lending, Blackrock TCP Capital, Conventional Lending TCP, Entered Into JV
Thursday, 29 Nov 2018 

Nov 29 (Reuters) - Newtek Business Services Corp ::NEWTEK BUSINESS SERVICES CORP - NEWTEK COMMERCIAL LENDING, BLACKROCK TCP CAPITAL, CONVENTIONAL LENDING TCP, ENTERED INTO A JOINT VENTURE.NEWTEK BUSINESS SERVICES CORP - JV INTENDS TO DEPLOY CAPITAL OVER COURSE OF TIME WITH ADDITIONAL LEVERAGE SUPPORTED BY A WAREHOUSE LINE OF CREDIT.NEWTEK BUSINESS SERVICES CORP - NEWTEK AND BLACKROCK TCP EACH COMMITTED TO CONTRIBUTE AN EQUAL SHARE OF EQUITY FUNDING TO JV.NEWTEK BUSINESS SERVICES CORP - NEWTEK AND BLACKROCK TCP EACH WILL HAVE EQUAL VOTING RIGHTS ON ALL MATERIAL MATTERS - SEC FILING.NEWTEK BUSINESS SERVICES SAYS INTENDED PURPOSE OF JV WILL BE TO ORIGINATE COMMERCIAL LOANS TO MIDDLE-MARKET COMPANIES AS WELL AS SMALL BUSINESSES - SEC FILING.  Full Article

Newtek Business Services says Units Secure $50 Mln Financing
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - Newtek Business Services Corp ::NEWTEK BUSINESS SERVICES CORP.’S PAYMENT PROCESSING PORTFOLIO COMPANIES SECURE $50 MILLION IN FINANCING FROM WEBSTER BANK.$50 MILLION IN FINANCING CONSISTS OF A $35 MILLION FIVE-YEAR TERM LOAN, AND A $15 MILLION REVOLVING CREDIT FACILITY.UNITS USED PORTION OF FINANCING TO REPAY OUTSTANDING BALANCE, RETIRE $50 MILLION LOAN WITH GOLDMAN SACHS SPECIALTY LENDING.  Full Article

Newtek Business Services Unit Entered Into Revolving Credit
Thursday, 2 Aug 2018 

Aug 2 (Reuters) - Newtek Business Services Corp ::NEWTEK BUSINESS SERVICES-ON JULY 31,UNIT OF WHOLLY OWNED PORTFOLIO COMPANY OF CO ENTERED INTO REVOLVING CREDIT AND SECURITY AGREEMENT.NEWTEK BUSINESS SERVICES-UNDER CREDIT AGREEMENT, LENDERS ESTABLISHED LINE OF CREDIT IN FAVOR OF BORROWER IN MAXIMUM AMOUNT OF $75 MILLION.NEWTEK BUSINESS SERVICES SAYS UNDER CREDIT AGREEMENT, AMOUNT MAY BE INCREASED UP TO MAXIMUM OF $150 MILLION - SEC FILING.  Full Article

Newtek Business Services Corp Quarterly Net Investment Loss Per Share $0.11
Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - Newtek Business Services Corp ::NEWTEK BUSINESS SERVICES CORP. REPORTS SECOND QUARTER 2018 FINANCIAL RESULTS.NEWTEK BUSINESS SERVICES CORP - INCREASED ITS 2018 ANNUAL CASH DIVIDEND FORECAST TO $1.80 PER SHARE.NEWTEK BUSINESS SERVICES CORP QTRLY NET INVESTMENT LOSS PER SHARE $0.11.NEWTEK BUSINESS SERVICES CORP QTRLY TOTAL INVESTMENT INCOME OF $11.4 MILLION, INCREASE OF 15.1%.  Full Article

Newtek Business Services Raises 2018 Annual Dividend Forecast To $1.80/ Share
Monday, 30 Jul 2018 

July 30 (Reuters) - Newtek Business Services Corp ::NEWTEK BUSINESS SERVICES CORP. RAISES 2018 ANNUAL DIVIDEND FORECAST TO $1.80 PER SHARE.NEWTEK BUSINESS SERVICES - INCREASED 2018 ANNUAL CASH DIVIDEND FORECAST TO $1.801 PER SHARE, WHICH REPRESENTS 4.7% INCREASE FROM PREVIOUS FORECAST.  Full Article

Newtek Business Services Corp Says Unit Experienced Cybersecurity Incident​
Friday, 16 Mar 2018 

March 16 (Reuters) - Newtek Business Services Corp ::NEWTEK BUSINESS SERVICES CORP - UNIT EXPERIENCED CYBERSECURITY INCIDENT​.NEWTEK BUSINESS SERVICES - UNIT HAS BECOME AWARE THAT UNAUTHORIZED THIRD PARTY MISAPPROPRIATED 3 DOMAIN NAMES​.NEWTEK BUSINESS SERVICES - AS A RESULT REDUCED FAIR VALUE OF INVESTMENT IN UNIT, FROM $16.0 MILLION AS OF SEPT 30, 2017, TO $12.4 MILLION AT DEC 31, 2017.NEWTEK BUSINESS SERVICES - UNIT'S ‍MANAGEMENT HAS LAUNCHED INVESTIGATION INTO INCIDENT​.NEWTEK BUSINESS SERVICES CORP - UNIT'S ‍MANAGEMENT BELIEVES THAT ATTACKERS COMPROMISED A PORTION OF ITS SHARED WEBHOSTING SYSTEM​.NEWTEK BUSINESS SERVICES - UNIT'S MANAGEMENT BELIEVES ATTACKERS MAY HAVE ACQUIRED SOME CUSTOMER INFORMATION LIMITED TO SHARED WEBHOSTING CUSTOMERS.NEWTEK BUSINESS SERVICES - REGARDING INCIDENT, UNIT ASSISTED IN RE-ROUTING WEB TRAFFIC TO MINIMIZE ANY SERVICE DISRUPTIONS TO ITS CLIENTS.NEWTEK BUSINESS SERVICES - UNIT BELIEVES ‍ATTACKERS MAY HAVE ALSO GAINED ACCESS TO CERTAIN OF UNIT'S SHARED WEBHOSTING SERVERS​.  Full Article

NEWTEK FORECASTS 2018 ANNUAL CASH DIVIDEND OF $1.69 PER SHARE
Monday, 20 Nov 2017 

Nov 20 (Reuters) - Newtek Business Services Corp ::NEWTEK FORECASTS 2018 ANNUAL CASH DIVIDEND OF $1.69 PER SHARE; A 3.0% INCREASE OVER THE 2017 ANNUAL DIVIDEND.  Full Article

Newtek Business Services reports qtrly ‍net investment loss per share $0.07​
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Newtek Business Services Corp :Newtek Business Services Corp reports third quarter 2017 financial results.Newtek Business Services Corp - qtrly ‍net investment loss per share $0.07​.Newtek Business Services Corp - qtrly ‍total investment income $9.6 million versus $7.9 million​.Newtek Business Services Corp - qtrly ‍adjusted net investment income per share $0.45​.  Full Article