NewtekOne Files 8-K on Financial Condition
Ticker: NEWTH · Form: 8-K · Filed: Jun 27, 2024 · CIK: 1587987
| Field | Detail |
|---|---|
| Company | Newtekone, Inc. (NEWTH) |
| Form Type | 8-K |
| Filed Date | Jun 27, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.02, $0.19 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, financial-condition, notes
TL;DR
NewtekOne dropped an 8-K detailing its notes due through 2029. Check the rates!
AI Summary
On June 27, 2024, NewtekOne, Inc. filed an 8-K report detailing its financial condition. The filing includes information about various notes due in 2024, 2026, 2028, and 2029, with interest rates ranging from 5.50% to 8.50%. 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 investors with an update on NewtekOne's debt obligations and financial structure, which can influence its future borrowing capacity and profitability.
Risk Assessment
Risk Level: medium — The filing details various debt instruments, indicating the company's reliance on leverage, which can introduce financial risk.
Key Numbers
- 5.75% — Interest Rate (Interest rate on notes due 2024)
- 5.50% — Interest Rate (Interest rate on notes due 2026)
- 8.00% — Interest Rate (Interest rate on notes due 2028)
- 8.50% — Interest Rate (Interest rate on notes due 2029)
Key Players & Entities
- NewtekOne, Inc. (company) — Filer of the 8-K report
- Newtek Business Services Corp. (company) — Former name of NewtekOne, Inc.
- Maryland (jurisdiction) — State of incorporation
- Boca Raton, Florida (location) — Company headquarters
- June 27, 2024 (date) — Date of the report
FAQ
What is the principal amount of the notes due in 2024?
The filing does not specify the principal amount of the notes due in 2024.
What is the exact maturity date for the 5.75% notes?
The filing indicates 'FivePointSevenFivePercentNotesDue2024Member' but does not provide an exact maturity date within 2024.
Does the filing provide details on the covenants associated with these notes?
This specific excerpt of the filing does not detail the covenants associated with the notes.
What is the total amount of debt outstanding across all listed note series?
The filing does not provide a consolidated total of the outstanding debt for these note series.
Are there any upcoming redemptions or calls for these notes mentioned in the filing?
The provided text does not mention any upcoming redemptions or calls for these notes.
Filing Stats: 673 words · 3 min read · ~2 pages · Grade level 10.1 · Accepted 2024-06-27 08:45:38
Key Financial Figures
- $0.02 — ich registered Common Stock, par value $0.02 per share NEWT Nasdaq Global Market LLC
- $0.19 — , Inc. Declares a Quarterly Dividend of $0.19 per Share" (the "Press Release"). A cop
Filing Documents
- newt-20240627.htm (8-K) — 32KB
- secondquarterlydividendd.htm (EX-99.1) — 4KB
- secondquarterlydividendd001.jpg (GRAPHIC) — 147KB
- secondquarterlydividendd002.jpg (GRAPHIC) — 103KB
- 0001587987-24-000141.txt ( ) — 571KB
- newt-20240627.xsd (EX-101.SCH) — 4KB
- newt-20240627_def.xml (EX-101.DEF) — 18KB
- newt-20240627_lab.xml (EX-101.LAB) — 33KB
- newt-20240627_pre.xml (EX-101.PRE) — 19KB
- newt-20240627_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 June 27, 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 Statement and Exhibits
Item 9.01 Financial Statement and Exhibits (d) Exhibits. Exhibit Number Description 99.1 NewtekOne, Inc. Declares a Quarterly Dividend 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: June 27, 2024 By: /S/ B ARRY S LOANE Barry Sloane Chief Executive Officer, President and Chairman of the Board