Notice by Closed-end Investment Companies of Intention to Call or Redeem Their Own Securities (n-23c-2)
November 29 2021 - 09:40AM
Edgar (US Regulatory)
______________________________________________________________________
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
NOTIFICATION OF REDEMPTION OF SECURITIES PURSUANT TO RULE
23C-2
UNDER THE INVESTMENT COMPANY ACT OF 1940
File No. 814-01035
NEWTEK BUSINESS SERVICES CORP.
(Name of Registrant)
4800 T-Rex Avenue, Suite 120
Boca Raton, FL 33431
(Address of Principal Executive Office)
The undersigned here notifies the Securities and Exchange
Commission (the “Commission”) that it intends to redeem securities
of which it is the issuer, as set forth below in accordance with
the requirements of Rule 23c-2 under the Investment Company Act of
1940, as amended.
(1) Title of the class of securities of
Newtek Business Services Corp. (the “Company”) to be
redeemed:
5.75% Notes due 2024 (CUSIP: 652526 609; NASDAQ: NEWTL) (the
“Notes”).
(2) Date on which the securities are to be
redeemed:
The Notes will be redeemed on December 29, 2021 (the “Redemption
Date”).
(3) Applicable provisions of the governing
instrument pursuant to which the securities are to be
redeemed:
The Notes are to be redeemed pursuant to (i) Section 1104 of the
Company’s base indenture governing the Notes, dated as of September
23, 2015 (the “Base Indenture”), between the Company and U.S. Bank
National Association, as trustee (the “Trustee”), and (ii) Section
1.01(h) of the Fourth Supplemental Indenture, dated as of July 29,
2019, between the Company and U.S. Bank National Association, as
trustee (the “Fourth Supplemental Indenture”), as supplemented by
the Eighth Supplemental Indenture, dated as of February 16, 2021
(the “Eighth Supplemental Indenture”) and as further supplemented
by the Ninth Supplemental Indenture, dated as of May 20, 2021 (the
“Ninth Supplemental Indenture,” and together with the Base
Indenture, the Fourth Supplemental Indenture and the Eighth
Supplemental Indenture, the “Indenture”).
(4) The principal amount or number of
shares and the basis upon which the securities to be redeemed are
to be selected:
The Company will redeem $40,000,000 of the outstanding Notes
($78,500,000 aggregate principal amount outstanding), with such
Notes selected by the Trustee or The Depository Trust Company in
accordance with Section 1103 of the Indenture and in compliance
with the requirements of The Depository Trust Company.
______________________________________________________________________
SIGNATURE
Pursuant to the requirements of Rule 23c-2 under the Investment
Company Act of 1940, as amended, the Company has duly caused this
Notice of Intention to Redeem Securities to be signed on its behalf
by the undersigned on this 29th day of November, 2021.
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NEWTEK BUSINESS SERVICES CORP. |
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Date: November 29, 2021 |
By: |
/S/ BARRY
SLOANE
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Barry Sloane |
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Chief Executive Officer, President and Chairman of the
Board |
Newtek Business Services (NASDAQ:NEWT)
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