NewtekOne Files 8-K on Financials and Debt
Ticker: NEWTH · Form: 8-K · Filed: Dec 16, 2024 · CIK: 1587987
| Field | Detail |
|---|---|
| Company | Newtekone, Inc. (NEWTH) |
| Form Type | 8-K |
| Filed Date | Dec 16, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.02, $0.19 |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-condition, debt, filing
Related Tickers: NEWT
TL;DR
NEWT filed an 8-K detailing its financial condition and various notes due in 2026, 2028, and 2029.
AI Summary
NewtekOne, Inc. filed an 8-K on December 16, 2024, reporting on its financial condition and results of operations as of December 13, 2024. 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.
Why It Matters
This filing provides investors with an update on NewtekOne's financial condition and outstanding debt obligations, which are crucial for assessing the company's financial health and risk profile.
Risk Assessment
Risk Level: medium — The filing details multiple debt instruments, indicating the company's leverage and financial obligations, which can introduce financial risk.
Key Players & Entities
- NewtekOne, Inc. (company) — Filer
- 5.50% Notes due 2026 (dollar_amount) — Debt Instrument
- 8.0% Notes due 2028 (dollar_amount) — Debt Instrument
- 8.5% Notes due 2029 (dollar_amount) — Debt Instrument
- 8.625% Notes due 2029 (dollar_amount) — Debt Instrument
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 to include Financial Statements and Exhibits, as of December 13, 2024.
What specific debt instruments are mentioned in the filing?
The filing mentions NewtekOne's 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 report filed?
The report was filed on December 16, 2024.
What is the state of incorporation for NewtekOne, Inc.?
NewtekOne, Inc. is incorporated in Maryland.
What was the former name of NewtekOne, Inc.?
The former name of NewtekOne, Inc. was Newtek Business Services Corp., with a date of name change on September 30, 2013.
Filing Stats: 698 words · 3 min read · ~2 pages · Grade level 10.4 · Accepted 2024-12-16 08:38:42
Key Financial Figures
- $0.02 — ich registered Common Stock, par value $0.02 per share NEWT Nasdaq Global Market LLC
- $0.19 — , Inc. declared a quarterly dividend of $0.19 per share on the outstanding common sto
Filing Documents
- newt-20241213.htm (8-K) — 32KB
- q42024quarterlydividendd.htm (EX-99.1) — 4KB
- q42024quarterlydividendd001.jpg (GRAPHIC) — 148KB
- q42024quarterlydividendd002.jpg (GRAPHIC) — 100KB
- 0001587987-24-000247.txt ( ) — 566KB
- newt-20241213.xsd (EX-101.SCH) — 4KB
- newt-20241213_def.xml (EX-101.DEF) — 17KB
- newt-20241213_lab.xml (EX-101.LAB) — 32KB
- newt-20241213_pre.xml (EX-101.PRE) — 18KB
- newt-20241213_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 December 13, 2024, the Board of Directors of NewtekOne, Inc. declared a quarterly dividend of $0.19 per share on the outstanding common stock of NewtekOne. The dividend is payable on January 13, 2025, to shareholders of record as of December 31, 2024. A copy of the Company's December 16, 2024, press release announcing the dividend declaration 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 December 16, 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: December 16, 2024 By: /S/ B ARRY S LOANE Barry Sloane Chief Executive Officer, President and Chairman of the Board