NewtekOne Launches Exchange Offer for 2026 Notes with New 8.50% Senior Notes

Reuters12-02
NewtekOne Launches Exchange Offer for 2026 Notes with New 8.50% Senior Notes

NewtekOne Inc. has announced the commencement of an exchange offer for its outstanding 5.50% Notes due 2026. Holders of these notes can exchange them for an equal principal amount of newly issued 8.50% Fixed Rate Senior Notes due 2031. The exchange offer is intended to give current noteholders an opportunity to continue holding NewtekOne senior notes beyond the upcoming 2026 maturity. Any old notes not exchanged are expected to be repaid at maturity. The new notes will mature in 2031, bear interest at 8.50% per annum, and are expected to be listed on Nasdaq under the symbol "NEWTO." The offer is set to expire on January 9, 2026, unless extended or terminated earlier.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NewtekOne Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9594682-en) on December 01, 2025, and is solely responsible for the information contained therein.
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