NewtekOne, Inc. announced the extension of its Exchange Offer for its outstanding 5.50% Notes due 2026.
The Exchange Offer allows holders of Old Notes to exchange them for newly issued 8.50% Fixed Rate Senior Notes due 2031.
The expiration date for the Exchange Offer has been extended to provide additional time for participation.
Extended Expiration Date
The Expiration Date for the Exchange Offer has been extended to January 23, 2026, giving holders more time to participate.
Settlement Date
The Settlement Date for the Exchange Offer is expected to be January 28, 2026.
Record Date Interest Payment
Holders of Old Notes as of the record date will receive the final interest payment before the scheduled maturity.
- The extension of the Exchange Offer provides holders with more opportunities to consider the offer.
- The Settlement Date falling after the record date ensures Old Note holders receive the final interest payment.
The extension of the Exchange Offer by NewtekOne, Inc. offers a strategic opportunity for investors to participate in the exchange process, providing benefits to holders of Old Notes.