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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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December 18, 2014
11:49 EDTNEWTNewtek Business Services says no direct lending exposure to oil, gas industry
Newtek Business Services announced that it does not believe that it has any direct lending exposure to the oil and gas industry in its current loan portfolio resulting from falling fuel prices. Companies that deliver oil to residential and commercial businesses and retail gas stations with convenience stores constitute 0.39% and 3.11%, respectively, of the company's current loan portfolio.
December 17, 2014
16:33 EDTCOFCapital One initiated with a Hold at Jefferies
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December 15, 2014
07:27 EDTCOFCapital One reports November charge-off rate 3.47% vs. 3.16% last month
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December 4, 2014
08:36 EDTCOFCapital One and Hudson's Bay Company sign new credit card program agreement
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