Company: NEWTP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050582
Chunk: 167

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 2
Chunk 167
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820 114,282 538 2027 Notes (8.125%)549,960 49,944 16 2028 Notes (8.00%)38,986 38,726 260 2029 Notes (8.50%)69,938 69,622 316 2029 Notes (8.625%)73,028 72,662 366 2030 Notes (8.375%)629,355 — 29,355 Total Parent Company Notes376,087 375,149 938 Notes Payable - Securitization Trusts1140,596 186,635 (46,039)Total$748,549 $708,041 $40,508 

1     Net of deferred financing costs.

2     On September 26, 2025, the NMS Webster Note was repaid in full.

3    On September 26, 2025, NMS entered into the Goldman Facility. 

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

5    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.

6    On March 19, 2025, the Company closed an exempt offering of $30.0 million in aggregate principal amount of its 2030 Notes. The 2030 Notes bear interest at a rate of 8.375% per year payable semiannually on April 1 and October 1 each year, beginning October 1, 2025. 

Borrowings were $748.5 million at September 30, 2025, compared to $708.0 million at December 31, 2024. This increase was primarily due to $88.6 million of new borrowings under the NMS Goldman Facility, additional borrowings of $49.9 million on the SPV II facility as well as $29.4 million issuance of the 2030 Notes. These increases were partially offset by $32.7 million repayment in full of the NMS Webster Note, the maturity of $29.9 million of the 2025