Financing ·
NewtekOne exchanges $24M of 8.125% Senior Notes due 2027 for new notes maturing in 2029
NEWTNewtekOne, Inc.
On October 19, 2026, NewtekOne entered into Note Exchange Agreements to swap $24 million of its outstanding 8.125% Senior Notes due 2027 for newly issued 8.125% Fixed Rate Senior Notes maturing on February 1, 2029. The new notes pay interest quarterly in arrears and are subject to redemption at par after February 1, 2028. The exchange became effective on October 20, 2026, as a private placement with institutional accredited investors. The remaining $26 million of the original Senior Notes is expected to be repaid upon their maturity date in February 2027. NewtekOne operates in the financial services industry, providing small business lending and asset management solutions.