secwatch.observer — SEC 8-K summary
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Issuer:     NewtekOne, Inc. (NEWT)
CIK:        0001587987
Form:       8-K
Filed at:   2025-03-20T23:59:59+00:00
Accession:  0001587987-25-000053
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.03, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1587987/000158798725000053/0001587987-25-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1587987/000158798725000053/newt-20250320.htm
  HTML page:      https://secwatch.observer/filing/0001587987-25-000053

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer