NewtekOne, Inc. has announced the commencement of an offer to exchange its outstanding 5.50% Notes due 2026 for newly issued 8.50% Fixed Rate Senior Notes due 2031.
The Exchange Offer is being made pursuant to a registration statement on Form S-4 filed with the SEC.
$95.0 million aggregate principal amount of the Old Notes was outstanding as of December 1, 2025.
Exchange Offer Details
Old 5.50% Notes due 2026 will be exchanged for new 8.50% Fixed Rate Senior Notes due 2031.
Interest Payment Schedule
New Notes will bear interest at 8.50% per annum, payable quarterly on specified dates.
Listing on Nasdaq
New Notes are intended to be listed on Nasdaq under the trading symbol 'NEWTO' within 30 days of the Settlement Date.
- The Exchange Offer provides existing Old Notes holders the opportunity to transition to New Notes with a higher interest rate and extended maturity period.
- NewtekOne aims to strengthen its financial position and attract investors with the issuance of the New Notes.
This Exchange Offer demonstrates NewtekOne's commitment to financial growth and strategic debt management, benefiting both the company and its stakeholders.