secwatch.observer — SEC 8-K summary
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Issuer:     NewtekOne, Inc. (NEWT)
CIK:        0001587987
Form:       8-K
Filed at:   2026-01-21T23:59:59+00:00
Accession:  0001628280-26-002929
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NewtekOne closes $295M ALP loan securitization, its largest; weighted average yield 6.08%
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- Closed $295M securitization (Class A $251.9M, Class B $35.9M, Class C $6.8M) backed by $342M of ALP loans.
- Notes priced at weighted average yield of 6.08% and spread of 243 bps (improvement from 271 bps in prior ALP deal).
- Securitization was 10x oversubscribed by 32 institutional investors; advance rate 86% vs 85% in 2025.
- Collateral pool has gross weighted average coupon of 12.74%; net of 100 bps servicing is 11.74%.
- Since 2019, NewtekOne originated ~$850M of ALP loans with only 6 defaults and 1 charge-off ($6M).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1587987/000162828026002929/0001628280-26-002929-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1587987/000162828026002929/newt-20260121.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-002929

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