BDC Newtek Business Services (NEWT) as announced a partial call on their 5.75% notes due 2024 (NEWTL). They will call $40,000,000 worth of the bonds (1.6 million shares).
The company had previous noted the planned call but here is the official announcement.
The call date is 12/29/2021.
2 thoughts on “Newtek Business Services Calls Baby Bonds”
Anyone have a view on what is going on with FG Finanicial Group, specifically the non-rated Preferred, FGFPP, that matures in 2023? I believe the company is plannign to issue more preferred, so substantial dilution may be coming?
Not your question is more appropriate for posing in another area such as the Sandbox, FWIW, FGFPP does not mature in 2023… It is a perpetual preferred with no stated maturity.