NewtekOne Reports on Debt and Equity

TL;DR

NewtekOne's 8-K details its notes due 2024, 2026, 2028, 2029, and common stock.

AI Summary

NewtekOne, Inc. filed an 8-K on May 30, 2024, reporting on various financial instruments, including its 5.75% Notes due 2024, 5.50% Notes due 2026, 8.0% Notes due 2028, and 8.5% Notes due 2029. The filing also mentions common stock with a par value of $0.002 per share. This report details the status and terms of these debt obligations and equity.

Why It Matters

This filing provides investors with an update on the company's outstanding debt and equity, offering transparency into its capital structure and financial obligations.

Risk Assessment

Risk Level: low — This is a routine filing reporting on existing financial instruments and does not indicate new risks.

Key Numbers

• 2024 — Maturity Year (5.75% Notes due 2024)
• 2026 — Maturity Year (5.50% Notes due 2026)
• 2028 — Maturity Year (8.0% Notes due 2028)
• 2029 — Maturity Year (8.5% Notes due 2029)

Key Players & Entities

• NewtekOne, Inc. (company) — Filer
• 5.75% Notes due 2024 (dollar_amount) — Financial Instrument
• 5.50% Notes due 2026 (dollar_amount) — Financial Instrument
• 8.0% Notes due 2028 (dollar_amount) — Financial Instrument
• 8.5% Notes due 2029 (dollar_amount) — Financial Instrument
• $0.002 (dollar_amount) — Par value per share of common stock

FAQ

Key Financial Figures

• $0.02 — ich registered Common Stock, par value $0.02 per share NEWT Nasdaq Global Market LLC
• $62,500,000 — ny") completed a registered offering of $62,500,000 aggregate principal amount of its 8.50%
• $9,375,000 — writers to purchase up to an additional $9,375,000 aggregate principal amount of the Notes
• $60,625,000 — l on June 3, 2024. The Company received $60,625,000 in proceeds, before expenses, from the
• $9,093,750 — es and expects to receive an additional $9,093,750 in proceeds, before expenses, from the

Filing Documents

• newt-20240530.htm (8-K) — 35KB
• newtek2029notesexhibit5.htm (EX-5.1) — 10KB
• newtek2029notesexhibit5001.jpg (GRAPHIC) — 238KB
• newtek2029notesexhibit5002.jpg (GRAPHIC) — 260KB
• newtek2029notesexhibit5003.jpg (GRAPHIC) — 63KB
• 0001587987-24-000114.txt ( ) — 1009KB
• newt-20240530.xsd (EX-101.SCH) — 4KB
• newt-20240530_def.xml (EX-101.DEF) — 17KB
• newt-20240530_lab.xml (EX-101.LAB) — 32KB
• newt-20240530_pre.xml (EX-101.PRE) — 18KB
• newt-20240530_htm.xml (XML) — 6KB

01. Other Events

Item 8.01. Other Events. On May 30, 2024, NewtekOne, Inc. (the "Company") completed a registered offering of $62,500,000 aggregate principal amount of its 8.50% Fixed Rate Senior Notes due 2029 (the "Notes"). T he offering was consummated pursuant to the terms of the underwriting agreement (the "Underwriting Agreement") with Keefe, Bruyette & Woods, Inc., as representative of the several underwriters named in Exhibit A thereto (the "Underwriters") . In addition, pursuant to the Underwriting Agreement, the Company granted an option to the Underwriters to purchase up to an additional $9,375,000 aggregate principal amount of the Notes. The Underwriters exercised their option to purchase the additional notes in full on June 3, 2024. The Company received $60,625,000 in proceeds, before expenses, from the sale of the Notes and expects to receive an additional $9,093,750 in proceeds, before expenses, from the Underwriters' exercise of their option to purchase the additional Notes. The Company intends to use the net proceeds from the sale of the Notes for funding of investments, repayment of existing debt and general corporate purposes. The Notes were offered and sold pursuant to the Company's registration statement on Form S-3 (Registration No. 333-269452) filed with the Securities and Exchange Commission (the "SEC") and became effective on July 27, 2023, and a supplement to the Prospectus dated May 22, 2024. The Notes were issued pursuant a senior debt securities indenture, dated as of August 31, 2023 (the "Base Indenture"), as supplemented by a second supplemental indenture, dated as of May 30, 2024 (the "Second Supplemental Indenture," and together with the Base Indenture, the "Indenture"), between the Company and U.S. Bank Trust Company, National Association, as trustee. The terms of the Notes are governed by the Indenture. The Second Supplement Indenture, which includes the form of the Notes, is included as Exhibit 4.1 hereto and is incorporated herein by referen

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 4.1 Second Supplemental Indenture, dated as of May 30, 2024, between NewtekOne, Inc. and U.S. Bank Trust Company, National Association, as trustee (incorporated by reference to Exhibit 4.3 to NewtekOne's Registration Statement on Form 8-A filed on May 30, 2024). 4.2 Form of 8.50% Fixed Rate Senior Notes due 2029 (included in Exhibit 4.1). 5.1 Opinion of Michael A. Schwartz, Chief Legal Officer and Corporate Secretary of NewtekOne, Inc. 23.1 Consent of Michael A. Schwartz (included in Exhibit 5.1).

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: June 4, 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