NewtekOne Files 8-K on Financials and Debt
Ticker: NEWTH · Form: 8-K · Filed: Oct 8, 2024 · CIK: 1587987
| Field | Detail |
|---|---|
| Company | Newtekone, Inc. (NEWTH) |
| Form Type | 8-K |
| Filed Date | Oct 8, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.02 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, financial-condition
TL;DR
NewtekOne dropped an 8-K detailing its debt notes – 5.50% due '26, 8.0% due '28, and two others due '29.
AI Summary
NewtekOne, Inc. filed an 8-K on October 8, 2024, reporting on its financial condition and results of operations. The filing details various debt instruments, including 5.50% Notes due 2026, 8.0% Notes due 2028, 8.5% Notes due 2029, and 8.625% Notes due 2029, indicating ongoing financial management and capital structure.
Why It Matters
This filing provides insight into NewtekOne's current financial obligations and capital structure, which are crucial for investors assessing the company's stability and future borrowing capacity.
Risk Assessment
Risk Level: medium — The filing details multiple debt instruments, suggesting a significant reliance on leverage which can increase financial risk.
Key Players & Entities
- NewtekOne, Inc. (company) — Filer of the 8-K
- 5.50% Notes Due 2026 (dollar_amount) — Debt instrument mentioned
- 8.0% Notes Due 2028 (dollar_amount) — Debt instrument mentioned
- 8.5% Notes Due 2029 (dollar_amount) — Debt instrument mentioned
- 8.625% Notes Due 2029 (dollar_amount) — Debt instrument mentioned
FAQ
What is the primary purpose of this 8-K filing for NewtekOne, Inc.?
The primary purpose is to report on the company's Results of Operations and Financial Condition, as well as Financial Statements and Exhibits.
What specific debt instruments are mentioned in the filing?
The filing mentions 5.50% Notes Due 2026, 8.0% Notes Due 2028, 8.5% Notes Due 2029, and 8.625% Notes Due 2029.
On what date was this 8-K filing submitted?
The filing was submitted on October 8, 2024.
Under which section of the Securities Exchange Act is this report filed?
This report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
What was NewtekOne, Inc.'s former company name?
NewtekOne, Inc.'s former company name was Newtek Business Services Corp.
Filing Stats: 671 words · 3 min read · ~2 pages · Grade level 10.1 · Accepted 2024-10-08 16:41:11
Key Financial Figures
- $0.02 — ich registered Common Stock, par value $0.02 per share NEWT Nasdaq Global Market LLC
Filing Documents
- newt-20241008.htm (8-K) — 32KB
- depositgrowthpressreleas.htm (EX-99.1) — 8KB
- depositgrowthpressreleas001.jpg (GRAPHIC) — 196KB
- depositgrowthpressreleas002.jpg (GRAPHIC) — 160KB
- depositgrowthpressreleas003.jpg (GRAPHIC) — 138KB
- 0001587987-24-000221.txt ( ) — 910KB
- newt-20241008.xsd (EX-101.SCH) — 4KB
- newt-20241008_def.xml (EX-101.DEF) — 17KB
- newt-20241008_lab.xml (EX-101.LAB) — 32KB
- newt-20241008_pre.xml (EX-101.PRE) — 18KB
- newt-20241008_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 October 8, 2024 the Company issued a press release entitled, "Newtek Bank, N.A. Achieves 11.7% Deposit Growth in the Third Quarter 2024." 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. Press Release dated October 8 , 2024
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: October 8, 2024 By: /S/ B ARRY S LOANE Barry Sloane Chief Executive Officer, President and Chairman of the Board