debt
confidence high
sentiment neutral
materiality 0.60
NewtekOne extends $50M 8.125% Senior Notes maturity to Feb 2027 in private exchange
NewtekOne, Inc.
- Extended maturity from Feb 1, 2025 to Feb 1, 2027; $50M principal and 8.125% rate unchanged.
- Exchange effective Dec 11, 2024; new notes redeemable at 100% from Nov 1, 2026 to maturity.
- All other terms of the Senior Notes remain the same under the amended notes.
- Conducted as private placement to institutional accredited investors under Section 4(a)(2).