NewtekOne completes $15M private placement of 8.375% notes due 2033

NewtekOne, Inc.

Issued $15.0M aggregate principal of 8.375% note due March 1, 2033 to institutional accredited investor in exempt offering.
Net proceeds of ~$14.9M; proceeds to be used for general corporate purposes.
Note is unsecured, ranks pari passu with existing unsecured unsubordinated debt; effectively subordinated to secured debt.
Interest payable semiannually Feb 1 and Aug 1 starting Aug 1, 2026; redeemable at make-whole before Jan 1, 2033, then at par.

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