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Prospect News home > News index > List of issuers N > Headlines for NewtekOne, Inc. > News item
Published on 1/24/2023 in the Prospect News Private Placement Daily.

New Issue: NewtekOne settles $50 million placement of 8.125% two-year notes

By William Gullotti

Buffalo, N.Y., Jan. 24 – NewtekOne, Inc. completed a $50 million private placement of two-year 8.125% senior secured notes on Monday, according to an 8-K filed with the Securities and Exchange Commission.

Proceeds from the placement will be used for general corporate purposes.

NewTek is a business development company, providing lending, insurance, payment processing, benefit processing and IT solutions.

Issuer:NewtekOne, Inc.
Issue:Senior secured notes
Amount:$50 million
Maturity:Feb. 1, 2025
Coupon:8.125%
Transaction date:Jan. 23
Distribution:Private placement

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