Company: NEWTP
Filing Date: 2025-09-30
Form Type: 8-K
Source: 0001628280-25-043174
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Company: NewtekOne, Inc.
Filing Date: 2025-09-30
Form: 8-K
Item: Item 1.02
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Item 1.02 Termination of a Material Definitive Agreement.

On September 26, 2025 (the “ Closing Date”), the Company’s wholly-owned subsidiary Newtek Merchant Solutions, LLC (“ NMS”) repaid in full all of the outstanding obligations under that certain Credit Agreement, dated as of November 8, 2018 (as amended, restated, supplemented or otherwise modified, the“ Webster Credit Agreement” and the credit facility made available thereunder, the “ Webster Facility”), by and among NMS, the other loan parties party thereto (the “ Loan Parties”), the several banks and other parties thereto as lenders (the “ Credit Parties”), and Webster Bank, National Association (“ Webster Bank”) as administrative agent for each of the other Credit Parties. As a result, the Webster Credit Agreement and the other loan documents executed in connection therewith have been terminated, including that certain Parent Guaranty Agreement, dated as of November 8, 2018, by and between the Company and Webster Bank. No early termination penalties were incurred by the Company or the Loan Parties as a result of the termination.

Item 8.01. Other Events.

On the Closing Date, NMS and its wholly-owned subsidiary, Mobil Money, LLC (collectively, the “ Borrowers”), together with NBSH Holdings, LLC, the direct sole member of NMS, as guarantor, entered into a Credit and Guaranty Agreement (the “ Goldman Credit Agreement”), with Private Credit at Goldman Sachs Alternatives ("Goldman") as Administrative Agent and Collateral Agent thereunder and the lenders party thereto from time to time (the “ Lenders”). Pursuant to the terms of the Goldman Credit Agreement, the Lenders made available to the Borrowers term loans up to an aggregate principal amount of $90,000,000 (the “ Term Loans”) and a revolving facility up to an aggregate principal amount of $5,000,000 (together with the Term Loans, collectively the “ Goldman Facility”). The Goldman Facility will mature on September 26, 2030.

On the Closing Date, the Borrowers drew down the full $90,000,000 in Term Loans and used the proceeds to repay in full the outstanding amounts under the Webster Facility and pay transaction expenses related to the closing of the Goldman Facility. In addition, the Borrowers intend to use the proceeds to fund $58.5 million of loans to the Company. The Company intends to use the proceeds of such loans to repay and reduce the