secwatch.observer — SEC 8-K summary
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Issuer:     NewtekOne, Inc. (NEWT)
CIK:        0001587987
Form:       8-K
Filed at:   2026-02-19T23:59:59+00:00
Accession:  0001628280-26-009728
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 2.03, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1587987/000162828026009728/0001628280-26-009728-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1587987/000162828026009728/newt-20260217.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-009728

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