NewtekOne, Inc. Announces Extension of Exchange Offer for its Notes due 2026

Rhea-AI Summary

NewtekOne (NYSE: NEWT) extended its Exchange Offer for outstanding 5.50% Notes due 2026 so holders can exchange into newly issued 8.50% Fixed Rate Senior Notes due 2031. The Exchange Offer now expires at 5:00 p.m. ET on January 23, 2026 and is expected to settle promptly, with a projected Settlement Date of January 28, 2026. The Settlement Date falls after the January 15, 2026 record date for the final interest payment on the Old Notes; holders of Old Notes as of that record date will receive the final interest payment. The first interest payment on the New Notes will be net of interest paid on the Old Notes from the Settlement Date to but excluding the February 1, 2026 interest date. All other terms and conditions, including acceptance conditions, remain unchanged. Agents: U.S. Bank Trust Company (Exchange Agent), Alliance Advisors (Information Agent), Lucid Capital Markets (Dealer Manager). The offer is made pursuant to a Form S-4 declared effective November 28, 2025.

Positive

• Exchange Offer extended to January 23, 2026 giving holders more time
• Settlement expected to occur January 28, 2026, after record date so holders receive final Old Notes interest

Negative

• New Notes carry a higher coupon of 8.50% versus Old Notes at 5.50%
• First New Notes interest will be net of interest paid on Old Notes between Settlement Date and February 1, 2026

News Market Reaction

+4.67%

1 alert

+4.67% News Effect

On the day this news was published, NEWT gained 4.67%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Old Notes coupon: 5.50% New Notes coupon: 8.50% New Notes maturity: 2031 +5 more

8 metrics

Old Notes coupon 5.50% Coupon on Notes due 2026 being exchanged

New Notes coupon 8.50% Coupon on new Fixed Rate Senior Notes due 2031

New Notes maturity 2031 Maturity year of New 8.50% Fixed Rate Senior Notes

Exchange expiration 5:00 p.m. ET Jan 23, 2026 Expiration Date of extended exchange offer

Old Notes maturity Feb 1, 2026 Scheduled maturity date of Old 5.50% Notes

Record date Jan 15, 2026 Record date for final interest payment on Old Notes

S-4 file number 333-291615 Registration Statement on Form S-4 for exchange offer

Information Agent phone 1-855-206-1406 Alliance Advisors contact for exchange offer documents

Market Reality Check

Price: $13.67 Vol: Volume 401,209 is above t...

normal vol

$13.67 Last Close

Volume Volume 401,209 is above the 20-day average of 281,530, indicating elevated interest ahead of the exchange offer milestones. normal

Technical Price at $13.29 is trading above the 200-day MA of $11.20 and within 3.29% of the 52-week high.

Peers on Argus

NEWT gained 5.23% while peers were mixed: PCB -1.18%, FNLC -0.41%, BCML -0.52%, ...

NEWT gained 5.23% while peers were mixed: PCB -1.18%, FNLC -0.41%, BCML -0.52%, CZFS +4.05%, CZNC +0.39%. The move appears more stock-specific than sector-driven.

Historical Context

5 past events · Latest: Jan 08 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 08	Investor Day & guidance	Positive	+5.9%	Investor Day presentation and 2026 EPS guidance range announcement.
Dec 23	Analyst Day announcement	Positive	-2.2%	Scheduling and logistics for January 8 Analyst and Investor Day.
Dec 10	Preferred dividend	Positive	+1.9%	Declaration of dividend on 8.500% Series B preferred shares.
Dec 10	Common dividend	Positive	+1.9%	Announcement of $0.19 quarterly cash dividend on common shares.
Dec 01	Exchange offer launch	Neutral	+0.8%	Launch of exchange offer for 5.50% 2026 Notes into 8.50% 2031 Notes.

Pattern Detected

Shares often react positively to corporate actions and guidance, including this exchange offer series, with only occasional divergences on event announcements.

Recent Company History

Over the last six weeks, NewtekOne has reported several corporate milestones. On Dec 1, 2025 it commenced the current exchange offer for 5.50% Notes due 2026 into 8.50% Notes due 2031. Subsequent updates highlighted common and preferred dividends declared on Dec 10, 2025, and an Investor/Analyst Day on Jan 8, 2026 featuring 2026 EPS guidance of $2.15–$2.55. These events generally saw positive price reactions, suggesting the market has rewarded capital and communication initiatives.

Market Pulse Summary

This announcement extends the exchange offer for 5.50% Notes due 2026 into new 8.50% Fixed Rate Seni...

Analysis

This announcement extends the exchange offer for 5.50% Notes due 2026 into new 8.50% Fixed Rate Senior Notes due 2031, shifting key dates to an Jan 23, 2026 expiration and an expected Jan 28, 2026 settlement. Investors may focus on participation levels, timing around the Old Notes’ Feb 1, 2026 maturity, and how this fits alongside recent guidance and dividend actions when assessing balance-sheet flexibility and future funding costs.

Key Terms

exchange offer, senior notes, registration statement on form s-4, prospectus, +4 more

8 terms

exchange offer financial

"its previously announced offer to exchange (the “Exchange Offer”) its outstanding 5.50%"

An exchange offer is a proposal where a company asks investors to swap existing securities, like bonds or shares, for new ones, often with different terms or maturity dates. It matters to investors because it can affect the value of their holdings and the company's financial strategy, potentially providing benefits like better interest rates or reduced debt.

senior notes financial

"for an equal principal amount of newly issued 8.50% Fixed Rate Senior Notes due 2031"

Senior notes are a type of loan that a company borrows from investors, promising to pay it back with interest. They are called "senior" because in case the company faces financial trouble, these lenders are paid back before others. This makes senior notes safer for investors compared to other types of loans or bonds.

registration statement on form s-4 regulatory

"filed with the SEC as part of the Company’s Registration Statement on Form S-4 (File No."

A registration statement on Form S-4 is a formal filing with the U.S. Securities and Exchange Commission used when a company issues shares or other securities as part of a merger, acquisition, exchange offer or similar corporate deal. It bundles the transaction terms, financial statements, risk factors and shareholder vote materials so investors can assess the deal; think of it as a detailed prospectus or buyer’s packet that explains what you would own and how the deal could change your stake.

prospectus financial

"The Exchange Offer is being made only pursuant to the Exchange Offer prospectus, which is"

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

letter of transmittal financial

"copies of the prospectus or the letter of transmittal, or questions regarding the procedures"

A letter of transmittal is a written form investors use when sending physical stock certificates or electronic ownership documents to a company or its agent to surrender shares, tender them in an offer, or claim payment or replacement securities. It acts like a packing slip that lists what is enclosed, gives instructions on how the transfer should be handled, and provides proof of the transaction—important for ensuring investors receive the correct payment or new securities without delay or dispute.

dealer manager financial

"Lucid Capital Markets, LLC is serving as the Dealer Manager for the Exchange Offer."

A dealer manager is a financial firm — often a broker-dealer or investment bank — that organizes, markets and coordinates the sale of a new securities offering (such as bonds or structured products) to other brokers and investors. Think of it as the project manager and sales team for the deal: its pricing choices, marketing reach and allocation decisions influence how widely the issue is distributed, how competitively it is priced, and how easy it is for investors to buy or sell afterward.

information agent financial

"Alliance Advisors is serving as Information Agent for the Exchange Offer."

An information agent is a person, team, or third-party service designated to collect, verify and distribute a company’s important announcements, filings or notices to regulators, shareholders and the public. Think of it as the company’s official mailroom and translator combined—responsible for making sure the right facts get to the right people quickly and accurately; investors watch who serves this role because mistakes or delays can affect compliance, market reaction and trust.

exchange agent financial

"U.S. Bank Trust Company, National Association is serving as the Exchange Agent for the"

An exchange agent is a third party appointed to handle the practical steps when securities are being swapped, such as during mergers, tender offers, or restructurings. Think of it as a trusted post office that collects old shares, verifies ownership, completes required paperwork and regulatory filings, and delivers the new shares or cash to investors; its efficiency and accuracy affect how quickly and safely investors receive the value they're owed.

AI-generated analysis. Not financial advice.

BOCA RATON, Fla., Jan. 12, 2026 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (“NewtekOne”) today announced that the expiration date with respect to its previously announced offer to exchange (the “Exchange Offer”) its outstanding 5.50% Notes due 2026 (the “Old Notes”) for an equal principal amount of newly issued 8.50% Fixed Rate Senior Notes due 2031 (the “New Notes”) has been extended to January 23, 2026 in order to provide holders of Old Notes additional time to participate in the Exchange Offer and exchange their Old Notes for New Notes prior to the scheduled maturity of the Old Notes on February 1, 2026.

The Exchange Offer will now expire at 5:00 p.m., Eastern time on January 23, 2026, unless extended or earlier terminated by NewtekOne (such date and time, as the same may be extended or earlier terminated, the “Expiration Date”). In order to be exchanged in the Exchange Offer, an Old Note must be validly tendered and not validly withdrawn at or prior to the Expiration Date and accepted by NewtekOne. The settlement date for the Exchange Offer will occur promptly following the Expiration Date, and is expected to be January 28, 2026 (the “Settlement Date”).

Because the Settlement Date for the Exchange Offer will now fall after the January 15, 2026 record date for the final interest payment on the Old Notes prior to the scheduled maturity of the Old Notes on February 1, 2026, any holder of Old Notes (whether or not exchanged in the Exchange Offer) as of such record date will receive this final interest payment; note, the first interest payment on the New Notes will be net of the amount of interest paid on the Old Notes from the Settlement Date to but excluding the February 1, 2026 interest payment date of the New Notes.

All other terms of the Exchange Offer, other than the Expiration Date, which has been extended to give holders additional time to participate, including the conditions to its consummation, remain unchanged.

Exchange Agent, Information Agent and Dealer Manager

U.S. Bank Trust Company, National Association is serving as the Exchange Agent for the Exchange Offer. Alliance Advisors is serving as Information Agent for the Exchange Offer. Lucid Capital Markets, LLC is serving as the Dealer Manager for the Exchange Offer.

Requests for assistance, additional copies of the prospectus or the letter of transmittal, or questions regarding the procedures for tendering Old Notes should be directed to the Information Agent or the Exchange Agent using the contact information provided in the prospectus.

Important Information

This press release is for informational purposes only and is neither an offer to buy or sell nor a solicitation of an offer to buy or sell any Old Notes or New Notes. The Exchange Offer is being made only pursuant to the Exchange Offer prospectus, which is being distributed to holders of the Old Notes and has been filed with the SEC as part of the Company’s Registration Statement on Form S-4 (File No. 333-291615), which was declared effective on November 28, 2025.

Copies of the prospectus and the other Exchange Offer documents may be obtained from the Information Agent:

Alliance Advisors
The Overlook Corporate Center
150 Clove Road Suite 400
Little Falls Township, NJ 07424
Attn: Tyler Herka
Telephone: 1-855-206-1406
Email: NEWT@AllianceAdvisors.com

Holders of Old Notes should read the prospectus and related documents carefully before making any decision regarding the Exchange Offer as it contains important information about the Exchange Offer, the Old Notes and the New Notes, including certain material differences in the terms and the rights of holders of the Old Notes as compared to the New Notes.

About NewtekOne, Inc.

NewtekOne^®, Your Business Solutions Company^®, is a financial holding company, which along with its bank and non-bank consolidated subsidiaries (collectively, “NewtekOne”), provides a wide range of business and financial solutions under the Newtek® brand to independent business owners. Since 1999, NewtekOne has provided state-of-the-art, cost-efficient products and services and efficient business strategies to independent business owners across all 50 states to help them grow their sales, control their expenses, and reduce their risk.

NewtekOne’s and its subsidiaries’ business and financial solutions include: banking (Newtek Bank, N.A.), Business Lending, SBA Lending Solutions, Electronic Payment Processing, Accounts Receivable Financing & Inventory Financing, Insurance Solutions and Payroll and Benefits Solutions. In addition, NewtekOne offers its clients the Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting and Web Services) provided by Intelligent Protection Management Corp. (IPM.com)

Newtek^®, NewtekOne^®, Newtek Bank^®, National Association, Your Business Solutions Company®, One Solution for All Your Business Needs® and Newtek Advantage® are registered trademarks of NewtekOne, Inc.

Note Regarding Forward-Looking Statements
Certain statements in this press release are “forward-looking statements” within the meaning of the rules and regulations of the Private Securities Litigation and Reform Act of 1995 are based on the current beliefs and expectations of NewtekOne's management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements. See “Note Regarding Forward-Looking Statements” and the sections entitled “Risk Factors” in our filings with the Securities and Exchange Commission which are available on NewtekOne's website (https://investor.newtekbusinessservices.com/sec-filings) and on the Securities and Exchange Commission’s website (www.sec.gov). Any forward-looking statements made by or on behalf of NewtekOne speak only as to the date they are made, and NewtekOne does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made.

SOURCE: NewtekOne, Inc.

Investor Relations & Public Relations
Contact: Bryce Rowe
Telephone: (212) 273-8292 / browe@newtekone.com

FAQ

What is NewtekOne (NEWT) extending in the January 12, 2026 announcement?

NewtekOne extended the expiration of its Exchange Offer to 5:00 p.m. ET on January 23, 2026 for holders of 5.50% Notes due 2026.

What are holders of NEWT 5.50% notes receiving if they participate in the Exchange Offer?

Holders who validly tender will receive newly issued 8.50% Fixed Rate Senior Notes due 2031 in exchange for their Old Notes.

When is the expected settlement date for NEWT's Exchange Offer and why does it matter?

Settlement is expected on January 28, 2026; it matters because it falls after the January 15, 2026 record date for the final Old Notes interest payment.

Will holders of NEWT Old Notes get the final interest payment if they exchange before settlement?

Yes, any holder of Old Notes as of the January 15, 2026 record date will receive the final interest payment, whether or not they exchange.

How will the first interest payment on NEWT's New Notes be calculated after the exchange?

The first interest payment on the New Notes will be net of the amount of interest paid on the Old Notes from the Settlement Date to but excluding February 1, 2026.

Who are the agents managing NEWT's Exchange Offer and where can holders get documents?

U.S. Bank Trust Company is Exchange Agent, Alliance Advisors is Information Agent, Lucid Capital Markets is Dealer Manager; prospectus and documents are available from Alliance Advisors.