Newtek NBL SPV unit extends $75 million revolving credit facility

By Wendy Van Sickle

Columbus, Ohio, Nov. 9 – Newtek Business Services Corp. subsidiary NBL SPV I, LLC extended the date on which the lenders’ commitments under its $75 million revolving credit facility terminate until Nov. 4, 2022, according to an 8-K filing with the Securities and Exchange Commission.

Also, the maturity date has been extended until Nov. 4, 2023.

The changes were effected via an amendment to the company’s July 31, 2018 credit agreement with Capital One, NA as administrative agent.

Newtek provides business services and financial products to the small- and medium-sized business market and is based in Lake Success, N.Y.

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