Company: NEWTP
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001587987-25-000141
Chunk: 74

Company: NewtekOne, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 74
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848 $(888)$567,783 $(84,192)$58,316 $(34,344)$905,718 $(841,754)$1,617,004 Goodwill & intangible assets$1,024 $— $14,945 $— $13,814 $— $29,783 Amortization of intangible assets$194 $— $— $— $— $— $194 

F-61

NOTE 19—SUBSEQUENT EVENTS:

SPV I FacilityNewtek ALP Holdings’ subsidiary (our indirect subsidiary) SPV I maintains a credit facility with Capital One which, as of June 30, 2025 had maximum borrowings of $60.0 million. and on July 28, 2025 was upsized to maximum borrowings of $100.0 million. Capital One’s commitments to fund new amounts terminate in July 2027, with all amounts due under the Facility maturing in July 2028.

H.R. 1 - One Big Beautiful Bill ActOn July 4, 2025, federal legislation generally referred to as H.R. 1 - One Big Beautiful Bill Act (the “Act”) was signed into law. The Act includes a variety of tax provisions including permanently extending and modifying certain key aspects of existing federal tax law. U.S. GAAP requires the effects of changes in tax laws and rates to be recognized in its financial statements in the period in which legislation is enacted. The Company is currently evaluating the impact of the Act on its consolidated financial statements; however, the Company does not anticipate a material impact resulting from the Act.

NCL JVIn July 2025, NCL JV notified the trustee of the NCL Business Loan Trust 2022-1 that the NCL Business Loan Trust 2022-1 would be terminated in August 2025 as a result of the Class A Noteholders being re-paid in full.

F-62

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. 

Forward-Looking Statements

The matters discussed in this report, as well as in future oral and written statements by Company management that are forward-looking statements, are based on current management expectations that involve substantial risks and uncertainties which could cause actual results to differ materially from the results expressed in, or implied by, these forward-looking statements. These forward-looking statements are not historical facts,