debt
confidence high
sentiment neutral
materiality 0.55
NewtekOne offers to exchange $95M of 5.50% 2026 notes for 8.50% 2031 notes
NewtekOne, Inc.
- Exchange offer covers any and all of $95.0M outstanding 5.50% Notes due February 1, 2026.
- Tendered notes exchanged at par ($25 principal for $25 principal) plus accrued interest.
- New 8.50% Fixed Rate Senior Notes mature February 1, 2031; interest paid quarterly.
- Offer expires January 9, 2026; condition: at least 10% of old notes must be tendered.
- New notes expected to trade on Nasdaq under symbol NEWTO within 30 days of settlement.