secwatch.observer — SEC 8-K summary
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Issuer:     NewtekOne, Inc. (NEWT)
CIK:        0001587987
Form:       8-K
Filed at:   2025-09-30T23:59:59+00:00
Accession:  0001628280-25-043174
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NewtekOne subsidiary refinances with $90M Goldman Sachs term loan, repays Webster Bank debt
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- NMS entered $90M term loan and $5M revolver with Goldman, maturing Sept 2030.
- Proceeds repaid ~$30M outstanding debt and eliminated $10M undrawn line with Webster Bank.
- NMS to lend $58.5M to NewtekOne; proceeds used for debt reduction and share buybacks.
- No early termination penalties incurred; prior credit agreement terminated.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1587987/000162828025043174/0001628280-25-043174-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1587987/000162828025043174/newt-20250926.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-043174

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