{"schema_version":"secwatch.filing_event.v1","accession":"0001587987-23-000128","form_type":"8-K","ticker":"NEWT","cik":"0001587987","company_name":"NewtekOne, Inc.","filed_at":"2023-06-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.548033+00:00","generated_at":"2026-06-14T01:15:15.528218+00:00","sec_items":["2.02","2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"NewtekOne closes $103.9M SBA 7(a) loan securitization, its 12th rated by S&P","bullets":["Offered $84.27M Class A (A- sf) and $19.59M Class B (BBB- sf) notes; 79.5% advance rate.","Class A priced at lesser of 30-day SOFR+300bp or Prime-50bp; Class B at SOFR+425bp or Prime+75bp.","CEO: collateral portfolio has weighted-average coupon of 11.05%, bond coupon 7.86%, net interest margin 3.19%.","Newtek Bank began funding SBA 7(a) loans in April 2023; NSBF in run-off mode and winding down.","Deutsche Bank and Capital One Securities acted as joint book-running managers."],"urls":{"canonical":"https://secwatch.observer/filing/0001587987-23-000128","json":"https://secwatch.observer/filing/0001587987-23-000128.json","markdown":"https://secwatch.observer/filing/0001587987-23-000128.md","text":"https://secwatch.observer/filing/0001587987-23-000128.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1587987/000158798723000128/0001587987-23-000128-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1587987/000158798723000128/newt-20230614.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T01:15:15.528218+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b8baf29f1f855d2624c1b05b8e8dd06005e38da5","claim":"NewtekOne, Inc. incurred senior notes of $103,860,000 at lesser of 30-day Average Compounded SOFR plus 300 basis points or PRIME minus 50.","evidence_excerpt":"NewtekOne, Inc. (Nasdaq: NEWT), announced today that it has closed its twelfth small business loan securitization, with the offering of $103,860,000 of Unguaranteed SBA 7(a) Loan-Backed Notes, Series 2023-1, consisting of $84,270,000 of Class A Notes and $19,590,000 of Class B Notes (collectively, the “Notes”), with preliminary ratings of “A- (sf)” and “BBB- (sf)”, respectively, by S&P Global Ratings (“S&P”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1587987/000158798723000128/0001587987-23-000128-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$103,860,000"},{"label":"Rate","value":"lesser of 30-day Average Compounded SOFR plus 300 basis points or PRIME minus 50"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}