NewtekOne Files 8-K on Financials and Debt

TL;DR

NewtekOne dropped an 8-K detailing its debt notes and financial status.

AI Summary

NewtekOne, Inc. filed an 8-K on March 19, 2024, reporting on its financial condition and results of operations. The filing includes information about various debt instruments, such as the 5.75% Notes due 2024, 5.50% Notes due 2026, and 8.0% Notes due 2028. The company, formerly known as Newtek Business Services Corp., is incorporated in Maryland and headquartered in Boca Raton, Florida.

Why It Matters

This filing provides an update on NewtekOne's financial structure, including details on its outstanding debt, which is crucial for investors assessing the company's financial health and risk profile.

Risk Assessment

Risk Level: medium — The filing details various debt instruments, indicating a level of financial leverage that warrants medium risk assessment.

Key Numbers

• 5.75% — Interest Rate (Notes due 2024)
• 5.50% — Interest Rate (Notes due 2026)
• 8.0% — Interest Rate (Notes due 2028)

Key Players & Entities

• NewtekOne, Inc. (company) — Filer
• Newtek Business Services Corp. (company) — Former Company Name
• March 19, 2024 (date) — Date of Report
• 5.75% Notes due 2024 (debt_instrument) — Financial Information
• 5.50% Notes due 2026 (debt_instrument) — Financial Information
• 8.0% Notes due 2028 (debt_instrument) — Financial Information
• Maryland (jurisdiction) — State of Incorporation
• Boca Raton, Florida (location) — Business Address

FAQ

Key Financial Figures

• $0.02 — ich registered Common Stock, par value $0.02 per share NEWT Nasdaq Global Market LLC
• $0.19 — e Inc. Declares a Quarterly Dividend of $0.19 per Share" (the "Press Release"). A cop

Filing Documents

• newt-20240319.htm (8-K) — 34KB
• newtekoneincquarterlydiv.htm (EX-99.1) — 4KB
• newtekoneincquarterlydiv001.jpg (GRAPHIC) — 169KB
• newtekoneincquarterlydiv002.jpg (GRAPHIC) — 92KB
• 0001587987-24-000045.txt ( ) — 580KB
• newt-20240319.xsd (EX-101.SCH) — 4KB
• newt-20240319_def.xml (EX-101.DEF) — 17KB
• newt-20240319_lab.xml (EX-101.LAB) — 31KB
• newt-20240319_pre.xml (EX-101.PRE) — 17KB
• newt-20240319_htm.xml (XML) — 6KB

Forward-Looking Statements

Forward-Looking Statements

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition. On March 19, 2024 the Company issued a press release entitled "NewtekOne Inc. Declares a Quarterly Dividend of $0.19 per Share" (the "Press Release"). A copy of the Press Release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information in this report shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section, and shall not be incorporated by reference into any registration statement pursuant to the Securities Act of 1933, as amended.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Press Release, dated March 19 , 2024, entitled " NewtekOne, Inc. Declare s a Quarter ly Divi d end of $0.19 per Share "

SIGNATURES

SIGNATURES In accordance with the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. NEWTEKONE, INC. Date: March 19, 2024 By: /S/ B ARRY S LOANE Barry Sloane Chief Executive Officer, President and Chairman of the Board

View Full Filing

View this 8-K filing on SEC EDGAR