NEW YORK, Jan. 30, 2017 (GLOBE NEWSWIRE) -- Newtek Business Services Corp. (Nasdaq:NEWT) announced today that it has closed an underwritten offering of 2,587,500 shares of common stock ("Shares") at a public offering price of $15.25 per Share.  The 2,587,500 Shares includes the underwriters' exercise of their option to purchase an additional 337,500 Shares.  The current outstanding Share count at the close of this offering is 17,217,474 Shares.  Keefe, Bruyette & Woods, A Stifel Company, Raymond James & Associates, Inc. and UBS Investment Bank acted as joint bookrunners for this offering. 

About Newtek Business Services Corp. Newtek Business Services Corp., Your Business Solutions Company ® , is an internally managed BDC, which along with its controlled portfolio companies, provides a wide range of business services and financial products under the Newtek ® brand to the small- and medium-sized business ("SMB") market. Since 1999, Newtek has provided state-of-the-art, cost-efficient products and services and efficient business strategies to over 100,000 SMB accounts across all 50 states to help them grow their sales, control their expenses and reduce their risk.

Newtek's and its portfolio companies' products and services include: Business Lending Solutions, SBA Lending, Electronic Payment Processing,  Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval), eCommerce, Accounts Receivable Financing & Inventory Financing, The Secure Gateway, The Newtek Advantage , Insurance Solutions, Web Services, and Payroll and Benefits Solutions.

Newtek ® and Your Business Solutions Company ® are registered trademarks of Newtek Business Services Corp.

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