---
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"
generated_at: "2026-06-14T01:15:15.528218+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# NewtekOne closes $103.9M SBA 7(a) loan securitization, its 12th rated by S&P

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001587987-23-000128
- JSON: https://secwatch.observer/filing/0001587987-23-000128.json
- Plain text: https://secwatch.observer/filing/0001587987-23-000128.txt

## Key facts
- Debt Financings
  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.
  - Instrument: senior notes
  - Principal: $103,860,000
  - Rate: lesser of 30-day Average Compounded SOFR plus 300 basis points or PRIME minus 50
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1587987/000158798723000128/0001587987-23-000128-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.