NewtekOne, Inc. is offering to exchange its 5.50% Notes due 2026 for 8.50% Fixed Rate Senior Notes due 2031. The Exchange Offer expires on January 9, 2026, with the New Notes maturing on February 1, 2031. $95.0 million of Old Notes is outstanding, and the New Notes will be listed on Nasdaq as “NEWTO.” The purpose of the Exchange Offer is to provide existing holders of Old Notes an opportunity to continue holding NewtekOne senior notes following the maturity of the Old Notes on February 1, 2026. Holders can withdraw tenders of Old Notes before the Expiration Date.

The New Notes will be senior unsecured obligations of NewtekOne, maturing on February 1, 2031. Holders can exchange each $25 of Old Notes for $25 of New Notes. The Exchange Offer is subject to certain conditions, including that at least 10% of Old Notes be tendered. U.S. Bank Trust Company is the Exchange Agent, Alliance Advisors is the Information Agent, and Lucid Capital Markets, LLC is the Dealer Manager for the Exchange Offer.

NewtekOne, Inc. is a financial holding company offering a range of business and financial solutions under the Newtek® brand to independent business owners. Their solutions include banking, business lending, SBA lending, electronic payment processing, accounts receivable financing, insurance solutions, payroll and benefits solutions, and technology solutions. NewtekOne has been providing products and services to independent business owners across all 50 states since 1999.

Read more at GlobeNewswire: NewtekOne, Inc. Commences Exchange Offer for 2026 Notes