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AI brief of an SEC Form 8-K · NewtekOne, Inc. (NEWT)

NewtekOne exchanges $24.0 million of 2027 senior notes for notes due 2029

Neutral Impact 3 of 5 financing Written later

NewtekOne entered into Note Exchange Agreements on October 19, 2026, swapping $24.0 million of its 8.125% Senior Notes due 2027 for newly issued 8.125% Senior Notes due February 1, 2029. The exchange took effect October 20, 2026, and the company expects to repay the remaining $26.0 million of 2027 notes at their February 1, 2027 maturity, which pushes the maturity of part of its debt out about two years.

Key points

  • Exchange of $24.0 million of 8.125% Senior Notes due 2027 into New Senior Notes due February 1, 2029, effective October 20, 2026
  • New notes carry the same 8.125% rate, paid quarterly beginning November 1, 2026
  • Company may redeem the new notes at par plus accrued interest, on or after February 1, 2028, or earlier with 10 to 60 days' notice at a redemption price equal to 100% of principal plus accrued interest
  • Remaining $26.0 million of 2027 notes expected to be repaid at the February 1, 2027 maturity; the exchange was a private placement to institutional accredited investors

The filing

CompanyNewtekOne, Inc. (NEWT)
Form8-K, current report
Filed with the SECOct 21, 2026, 4:05 PM ET
Accession number0001628280-26-066702

Items reported: 2.03 New Direct Financial Obligation8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 21, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.