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NewtekOne plans to offer $25-par fixed-rate senior notes due 2028
By Mary-Katherine Stinson
Lexington, Ky., Aug. 24 – NewtekOne, Inc. will offer $25-par fixed-rate senior notes due Sept. 1, 2028, according to an 424B2 filed with the Securities and Exchange Commission.
The notes will feature a par call beginning Sept. 1, 2025.
Interest will be payable every March 1, June 1, Sept. 1 and Dec. 1, beginning Dec. 1.
Piper Sandler & Co. is leading the sale, along with B. Riley Securities, Inc. and Ladenburg Thalmann & Co. Inc. as bookrunners.
U.S. Bank Trust Co., NA will be the trustee.
Eversheds Sutherland (US) LLP will act as legal counsel for NewtekOne, while Nelson Mullins Riley & Scarborough LLP will advise the underwriters.
Proceeds from the offering will be used for general corporate purposes.
Based in Boca Raton, Fla., NewtekOne is a business development company providing lending, insurance, payment processing, benefit processing and IT solutions.
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