NewtekOne completes $30M private placement of 8.375% notes due 2030

NewtekOne, Inc.

Issued $30M principal of 8.375% notes due April 1, 2030 to 11 institutional investors in exempt offering.
Net proceeds ~$29.25M; intended use: refinance existing debt, provide capital to Newtek Bank, and general corporate.
Interest paid semiannually April 1 and October 1, first payment October 1, 2025.
Notes are unsecured, rank pari passu with other unsecured unsubordinated debt; redeemable at make-whole prior to Jan 1, 2030.
Offering was completed March 19, 2025 under Section 4(a)(2) private placement exemption.

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