Company: NEWTP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050582
Chunk: 323

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 323
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$3,565 Notes and securitizations:Notes payable - Securitization Trusts2,974 5,078 (2,104)2024 Notes1— 201 (201)2025 5.00% Notes2— 462 (462)2025 8.125% Notes3— 1,147 (1,147)2026 Notes1,761 1,761 — 2027 Notes31,023 — 1,023 2028 Notes4887 887 — 2029 8.50% Notes51,655 1,655 — 2029 8.625% Notes61,739 291 1,448 2030 Notes7671 — 671 Total notes and securitizations10,710 11,482 (772)Bank and FHLB Borrowings:Bank notes payable2,900 1,362 1,538 FHLB Advances56 132 (76)Total bank and FHLB borrowings2,956 1,494 1,462 Total interest expense$24,545 $20,290 $4,255 

1    On August 1, 2024, the 2024 Notes matured.

2    On March 31, 2025, the 2025 5.00% Notes matured.

3    Effective December 11, 2024, the Company entered into the Amendment and Exchange 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.

4    On August 31, 2023, the Company completed a public offering of $40.0 million aggregate principal amount of 8.00% notes due 2028. The Notes will mature on September 1, 2028. The Notes bear interest at a rate of 8.000% per year, payable quarterly on March 1, June 1, September 1, and December 1 each year, commencing on December 1, 2023.

5    On May 30, 2024, the Company completed a public offering of $62.5 million aggregate principal amount of 8.50% notes