Company: NEWTP
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001587987-25-000084
Chunk: 234

Company: NewtekOne, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 234
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 23,075 (64)23,011 Parent Company Notes:2025 Notes (5.00%)2 — — — 30,000 (87)29,913 2026 Notes (5.50%)115,000 (539)114,461 115,000 (718)114,282 2027 Notes (8.125%)350,000 (49)49,951 50,000 (56)49,944 2028 Notes (8.00%)40,000 (1,188)38,812 40,000 (1,274)38,726 2029 Notes (8.50%)71,875 (2,125)69,750 71,875 (2,253)69,622 2029 Notes (8.625%) 75,000 (2,216)72,784 75,000 (2,338)72,662 2030 Notes (8.375%)30,000 (701)29,299 — — — Notes Payable - Securitization Trusts173,204 (2,377)170,827 189,231 (2,596)186,635 1    Net of deferred financing costs.2     On March 31, 2025, the 2025 5.00% Notes matured.3    Effective December 11, 2024, the Company entered into the Agreements with each of the holders of the 2025 8.125% Notes, pursuant to which the Company and the holders of the 2025 8.125% Notes agreed to exchange the 2025 8.125% Notes for the 2027 Notes. 

2030 NotesOn March 19, 2025, the Company closed an exempt offering of $30.0 million in aggregate principal amount of its 2030 Notes. The offering was consummated pursuant to the terms of a purchase agreement dated March 19, 2025 among the Company and eleven institutional accredited investors (each a “Purchaser”). The purchase agreement provided for the 2030 Notes to be issued to the Purchaser in a private placement in reliance on Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”). The 2030 Notes are scheduled to mature on April