Company: NEWTP
Filing Date: 2025-11-25
Form Type: S-4/A
Source: 0001628280-25-054014
Chunk: 2

Company: NewtekOne, Inc.
Filing Date: 2025-11-25
Form: S-4/A
Chunk 2
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#### The Exchange Offer
NewtekOne, Inc. (the “Company,” “NewtekOne,” “we” or “us”) hereby offers (the “Exchange Offer”), upon the terms and subject to the conditions described in this prospectus and the related letter of transmittal, to exchange its 8.50% Fixed Rate Senior Notes due 2031 (the “New Notes”) for any and all of its outstanding 5.50% Notes due 2026 (the “Old Notes”). As of November 18, 2025, the aggregate principal amount of Old Notes outstanding was $95.0 million.

The Exchange Offer will expire at 5:00 p.m., New York City time, on January 9, 2026 (the “Expiration Date”), unless the Exchange Offer is extended or earlier terminated by the Company. You may withdraw your tendered Old Notes at any time on or prior to the Expiration Date.

Upon completion of the Exchange Offer, each $25 principal amount of Old Notes that is validly tendered and not validly withdrawn will be exchanged for $25 principal amount of New Notes. Holders will not be eligible to receive cash consideration in respect of either exchange offer.

In addition, holders whose Old Notes are accepted for exchange will receive a cash payment representing accrued and unpaid interest on such Old Notes to, but not including, the Settlement Date (as defined below).

Consummation of the Exchange Offer is conditioned upon the satisfaction or waiver of the conditions described under “The Exchange Offer—Conditions of the Exchange Offer,” including the condition that at least ten percent (10%) of the outstanding aggregate principal amount of the Old Notes are validly tendered and not validly withdrawn (the “minimum exchange condition”). The Company may, at its option and in its sole discretion, waive any such conditions, including the minimum exchange condition (except the condition that the registration statement of which this prospectus forms a part has been declared effective by the Securities and Exchange Commission (the “SEC”)).

The Old Notes mature on February 1, 2026. If you do not participate in this Exchange Offer it is expected that your Old Notes will be repaid by the Company on the maturity date.

#### The New Notes
The New Notes will be senior, unsecured obligations of the Company, will mature on February 1, 2031 and will bear interest at a rate of 8.50% per annum, payable quarterly. See “Description of the New Notes.”