debt
confidence high
sentiment neutral
materiality 0.55
NewtekOne completes $75M offering of 8.625% Senior Notes due 2029
NewtekOne, Inc.
- Issued $75M principal amount of 8.625% fixed-rate senior notes due 2029; underwriters have option for additional $11.25M.
- Net proceeds to company $72.75M before expenses; use for investments, debt repayment, and general corporate purposes.
- Notes issued under indenture with U.S. Bank Trust Company, National Association, as trustee.
- Underwriters include Morgan Stanley, KBW, Raymond James, and UBS Securities.