NewtekOne Redeems 2024 and 2026 Senior Notes
Ticker: NEWTH · Form: 8-K · Filed: Jun 13, 2024 · CIK: 1587987
| Field | Detail |
|---|---|
| Company | Newtekone, Inc. (NEWTH) |
| Form Type | 8-K |
| Filed Date | Jun 13, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.02 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-management, redemption, capital-structure
TL;DR
NewtekOne just paid off its 2024 and 2026 notes. Debt management in action.
AI Summary
NewtekOne, Inc. announced on June 12, 2024, that it has completed the redemption of all of its outstanding 5.75% Senior Notes due 2024. The company also announced the redemption of all of its outstanding 5.50% Senior Notes due 2026. These redemptions are part of NewtekOne's ongoing efforts to optimize its capital structure.
Why It Matters
This action indicates NewtekOne is actively managing its debt obligations, potentially improving its financial flexibility and reducing interest expenses.
Risk Assessment
Risk Level: low — The filing reports on routine debt redemption, which is a standard financial management activity with no immediate negative implications.
Key Numbers
- 5.75% — Senior Notes due 2024 (Interest rate of the notes that were redeemed.)
- 5.50% — Senior Notes due 2026 (Interest rate of the notes that were redeemed.)
Key Players & Entities
- NewtekOne, Inc. (company) — The company making the announcement.
- 5.75% Senior Notes due 2024 (dollar_amount) — Debt instrument being redeemed.
- 5.50% Senior Notes due 2026 (dollar_amount) — Debt instrument being redeemed.
- June 12, 2024 (date) — Date of the announcement and earliest event reported.
FAQ
What is the total principal amount of the 5.75% Senior Notes due 2024 that were redeemed?
The filing does not specify the total principal amount redeemed for the 5.75% Senior Notes due 2024.
What is the total principal amount of the 5.50% Senior Notes due 2026 that were redeemed?
The filing does not specify the total principal amount redeemed for the 5.50% Senior Notes due 2026.
What is the reason for redeeming these specific notes?
The filing states these redemptions are part of NewtekOne's ongoing efforts to optimize its capital structure.
Were there any other debt redemptions announced on this date?
The filing specifically mentions the redemption of the 5.75% Senior Notes due 2024 and the 5.50% Senior Notes due 2026.
What is the exact date of the earliest event reported in this 8-K?
The date of the earliest event reported is June 12, 2024.
Filing Stats: 545 words · 2 min read · ~2 pages · Grade level 10.1 · Accepted 2024-06-12 17:53:29
Key Financial Figures
- $0.02 — ich registered Common Stock, par value $0.02 per share NEWT Nasdaq Global Market LLC
Filing Documents
- newt-20240612.htm (8-K) — 27KB
- 0001587987-24-000116.txt ( ) — 212KB
- newt-20240612.xsd (EX-101.SCH) — 4KB
- newt-20240612_def.xml (EX-101.DEF) — 17KB
- newt-20240612_lab.xml (EX-101.LAB) — 32KB
- newt-20240612_pre.xml (EX-101.PRE) — 18KB
- newt-20240612_htm.xml (XML) — 6KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure Investor Presentations. On June 13, 2024, at 9:00 am, NewtekOne, Inc. (the "Company") will hold an Analyst and Investor Day (the "Event") at the Company's headquarters in Boca Raton, Florida. A live webcast the Event will be available on the Company's website. To access the webcast, or receive a dial-in number, participants should register online at https://investor.newtekbusinessservices.com/events-and-presentations at least 15 minutes prior to the start of the Event. A replay of the Event will be available on NewtekOne's website for a period of 90 days. 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.
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 12, 2024 By: /S/ B ARRY S LOANE Barry Sloane Chief Executive Officer, President and Chairman of the Board