secwatch.observer — SEC 8-K summary
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Issuer:     NewtekOne, Inc. (NEWT)
CIK:        0001587987
Form:       8-K
Filed at:   2025-04-23T23:59:59+00:00
Accession:  0001587987-25-000071
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1587987/000158798725000071/0001587987-25-000071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1587987/000158798725000071/newt-20250423.htm
  HTML page:      https://secwatch.observer/filing/0001587987-25-000071

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