secwatch.observer — SEC 8-K summary
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Issuer:     NewtekOne, Inc. (NEWT)
CIK:        0001587987
Form:       8-K
Filed at:   2026-10-21T20:05:38+00:00
Accession:  0001628280-26-066702
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 2.03, 8.01
LLM model:  deepseek-v4.1-flash:cloud@v2

NewtekOne exchanges $24M of 2027 notes into new 8.125% notes due Feb 2029; $26M remains for Feb 2027 repayment
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- Note Exchange Agreements signed Oct 19, 2026 with holders of $24.0M of NewtekOne's 8.125% Senior Notes due 2027; exchange effective Oct 20, 2026.
- New 8.125% Fixed Rate Senior Notes mature Feb 1, 2029; interest payable quarterly beginning Nov 1, 2026, then Feb 1, May 1, Aug 1, Nov 1.
- New notes redeemable in whole but not in part at par plus accrued interest: callable any time before Feb 1, 2028; on/after Feb 1, 2028 at 100% of principal plus accrued interest.
- Remaining $26.0M of the 2027 Senior Notes is expected to be repaid at the Feb 1, 2027 maturity date.
- Exchange was a private placement under Section 4(a)(2) to institutional accredited investors; new notes are unregistered under the Securities Act.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1587987/000162828026066702/0001628280-26-066702-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1587987/000162828026066702/newt-20261021.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-066702

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