NewtekOne to issue 2M depositary shares of 8.500% Series B Preferred Stock

NewtekOne, Inc.

Entered underwriting agreement with KBW and Raymond James to sell 2,000,000 depositary shares.
Each depositary share represents a 1/40th interest in a share of 8.500% Series B Preferred Stock.
Liquidation preference of $1,000 per preferred share ($25.00 per depositary share).
Underwriters granted option to purchase up to an additional 150,000 depositary shares.
The preferred stock is non-cumulative, perpetual, and has a fixed-rate reset feature.

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