Newtek Business prices $55.0M of notes

Newtek Business Services (NEWT+0.4%)reports pricingof public offering of $55.0M in 5.75% notes due 2024.Grants greenshoe option for up to an additional $8.25M in principal amount of notes.Intends to use proceeds to redeem outstanding 2022 notes (NASDAQ:NEWTZ), which mature on Sept. 30, 2022 and bear interest at a rate of 7.50%.Expects to list notes on Nasdaq Global Market under the trading symbol "NEWTL".