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August 12, 2014
09:05 EDTCOF, NEWTNewtek Business subsidiary to increase revolving credit facility to $50M
Newtek Business Services (NEWT), The Small Business Authority, announced that its lending subsidiary, Newtek Small Business Finance, received approval and documentation from Capital One (COF) to increase its existing $27M revolving credit facility to $50M. The form of the amended documentation for the additional financing is subject to regulatory approval, and will bring the Company's total financing through Capital One to $70M on a company-wide basis. The $70M consists of a $10M term loan and up to $60M in revolving lines of credit.
News For NEWT;COF From The Last 14 Days
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June 30, 2015
09:09 EDTNEWTNewtek Technology Solutions expands data center operator
Newtek Business Services announced that Newtek Technology Solutions, one of The Company's wholly owned portfolio companies, has expanded its operations with its data center operator, IO, into New Jersey, the United Kingdom and Phoenix, Arizona. Newtek Technology Solutions is extending its cloud services to these regions to support the ongoing demand for its services. The expansion with IO is also in preparation for The Company's launch of a new suite of next generation cloud computing and storage services, and disaster recovery for small- to medium-sized businesses and large enterprises. T
June 29, 2015
09:07 EDTNEWTNewtek Business Services signs lease for over 30K feet of new office space
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June 25, 2015
14:27 EDTCOFCapital One, Apollo, Ares, Ventas bid for GE healthcare lender, Bloomberg says
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