NewtekOne Amends Credit Agreement Affecting Notes
Ticker: NEWTH · Form: 8-K · Filed: Jun 6, 2025 · CIK: 1587987
| Field | Detail |
|---|---|
| Company | Newtekone, Inc. (NEWTH) |
| Form Type | 8-K |
| Filed Date | Jun 6, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, credit-agreement, amendment
TL;DR
NewtekOne amended its credit agreement, impacting multiple note series due 2026-2029.
AI Summary
On June 6, 2025, NewtekOne, Inc. entered into a material definitive agreement related to its existing notes. Specifically, the company entered into an amendment and restatement of its Fourth Amended and Restated Credit Agreement, which impacts its $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 indicates a restructuring or amendment to NewtekOne's debt agreements, which could impact its financial obligations and future borrowing capacity.
Risk Assessment
Risk Level: medium — Amendments to credit agreements and note terms can signal changes in a company's financial health or strategic direction, warranting closer examination.
Key Numbers
- 2026 — Note Maturity Year (First affected note series maturity)
- 2028 — Note Maturity Year (Second affected note series maturity)
- 2029 — Note Maturity Year (Third and fourth affected note series maturity)
Key Players & Entities
- NewtekOne, Inc. (company) — Filer
- Fourth Amended and Restated Credit Agreement (agreement) — Material Definitive Agreement
- 5.50% Notes Due 2026 (debt_instrument) — Affected Note Series
- 8.0% Notes Due 2028 (debt_instrument) — Affected Note Series
- 8.5% Notes Due 2029 (debt_instrument) — Affected Note Series
- 8.625% Notes Due 2029 (debt_instrument) — Affected Note Series
FAQ
What specific changes were made to the Fourth Amended and Restated Credit Agreement?
The filing states that the company entered into an amendment and restatement of its Fourth Amended and Restated Credit Agreement, but the specific details of the changes are not provided in this summary section.
Which specific notes are affected by this amendment?
The amendment affects the company's 5.50% Notes Due 2026, 8.0% Notes Due 2028, 8.5% Notes Due 2029, and 8.625% Notes Due 2029.
What is the date of this material definitive agreement?
The date of the report and the earliest event reported is June 6, 2025.
What is the exact name of the company filing this report?
The exact name of the company is NewtekOne, Inc.
What is the primary item information disclosed in this 8-K filing?
The primary item information disclosed is the 'Entry into a Material Definitive Agreement'.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on June 6, 2025 regarding NewtekOne, Inc. (NEWTH).