NewtekOne signs distribution agreement for up to USD 50 million at-the-market offering

Reuters03-19
NewtekOne signs distribution agreement for up to USD 50 million at-the-market offering

NewtekOne entered into a securities distribution agreement with B. Riley Securities, Compass Point Research and Trading, and Roth Capital Partners. Under the agreement, the company may offer and sell up to USD 50 million of certain senior notes and depositary shares through at-the-market offerings. The securities include 8.5% fixed rate senior notes due 2029, 8.625% fixed rate senior notes due 2029, and 8.5% fixed rate senior notes due 2031. The depositary shares represent a 1/40th interest in a share of 8.5% fixed-rate reset non-cumulative perpetual preferred stock.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-019493), on March 18, 2026, and is solely responsible for the information contained therein.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment