Company: NEWTP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050582
Chunk: 60

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 60
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 of all of the Borrowers’ obligations under the Goldman Credit Agreement.SPV I Capital One FacilityNewtek ALP Holdings’ subsidiary (our indirect subsidiary) SPV I maintains a credit facility with Capital One. On July 28, 2025 the facility 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. The Company incurred approximately $0.6 million of deferred financing costs in connection with this upsize.

F-49

Total interest expense including unused line fees and amortization of deferred financing costs related to borrowings for the three and nine months ended September 30, 2025 and 2024 were as follows: Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Total interest expense$13,666 $12,976 $41,016 $38,923 

NOTE 12—DERIVATIVE INSTRUMENTS:The Company historically uses derivative instruments primarily to economically manage the fair value variability of certain fixed rate assets caused by interest rate fluctuations and overall portfolio market risk. The following is a breakdown of the derivatives outstanding as of September 30, 2025 and December 31, 2024:September 30, 2025December 31, 2024Fair ValueRemainingFair ValueRemainingContract TypeNotional1Asset2Liability3Maturity (years)Notional1Asset2Liability3Maturity (years)5-year Treasury Futures$(150,704)$232 $— 0.25 years$(153,049)$715 $— 0.25 years1    Shown as a negative number when the position is sold short. 2     Shown in Other assets in the accompanying Consolidated Statements of Financial Condition.3    Shown in Accounts payable, accrued expenses, and other liabilities in the accompanying Consolidated Statements of Financial Condition.

The following table indicates the net realized gains (losses) and unrealized appreciation (depreciation) on derivatives as included in Other noninterest income in the Consolidated Statements of Income for the three and nine months ended September 30, 2025 and 2024:

Three Months EndedNine Months EndedSeptember 30, 2025September 30, 2024September 30, 2025September 30, 2024Contract TypeUnrealized Appreciation/(Depreciation)