NewtekOne closes $184M ALP loan securitization; weighted avg yield 6.62%

NewtekOne, Inc.

Issued $155.93M Class A, $23.82M Class B, and $4.33M Class C notes backed by $216.56M collateral.
Class A rated 'A (low) (sf)' with 6.338% yield; Class B 'BBB (sf)' at 7.838%; Class C 'BB (sf)' at 10.338%.
Weighted average yield of 6.62% and advance rate of 85% on the securitization.
$32.15M prefunding account included to acquire additional ALP loans originated by the subsidiary.

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