NewtekOne, Inc. Retires $95 Million of Senior Unsecured Notes

NewtekOne (NASDAQ: NEWT) retired $95.0 million of fixed-rate senior notes (NEWTZ) that matured Feb 1, 2026.

Rhea-AI Summary

NewtekOne (NASDAQ: NEWT) retired $95.0 million of fixed-rate senior notes (NEWTZ) that matured Feb 1, 2026. The repayment used $87.1 million of working capital plus a completed exchange offer converting $7.9 million of NEWTZ into NEWTO notes.

Inclusive of this action, the company has redeemed $294 million of senior notes since 2018. Management highlighted the company’s 25-year public history and that it has never missed a principal or interest payment.

Positive

• Retired $95.0 million of senior notes matured Feb 1, 2026
• Total senior note redemptions of $294 million since 2018
• Repayment reduced publicly traded BDC-era debt outstanding

Negative

• Funded repayment with $87.1 million of working capital, reducing available liquidity
• Exchanged $7.9 million of NEWTZ for NEWTO notes, preserving some ongoing liability

Argus Feb 2 session

-0.37% close to close Open Argus

Details

News Market Reaction – NEWT

In the Feb 2 session, NEWT declined 0.37%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlighted NewtekOne’s continued balance‑sheet cleanup, retiring $95.0M of senior...

Analysis

This announcement highlighted NewtekOne’s continued balance‑sheet cleanup, retiring $95.0M of senior notes and bringing total senior note redemptions since 2018 to $294M. It follows recent securitization and exchange‑offer activity, indicating an ongoing focus on funding diversification and liability management. Investors may track future debt maturities, additional securitizations, and earnings trends to understand how this capital structure evolution affects returns and risk over time.

Key Figures

Retired notes: $95.0M Working capital used: $87.1M Notes exchanged: $7.9M +5 more

Retired notes

$95.0M

Fixed rate senior notes matured Feb 1, 2026

Working capital used

$87.1M

Cash portion of $95.0M repayment

Notes exchanged

$7.9M

NEWTZ exchanged into NEWTO notes

Senior notes redeemed

$294M

Total senior notes redeemed since 2018

Prior notes 2021

$40.3M

Fixed rate senior notes due 2021 redeemed Mar 2018

Prior notes 2023

$57.5M

Fixed rate senior notes due 2023 redeemed Feb 2021

Company history

25 years

History as a public company

Securitizations

17

All maintained or improved investment‑grade ratings

Historical Context

5 past events · Latest: Jan 29

5 events

1. Jan 29

   Earnings release

   24h Move

   +4.7%

   Reported strong 4Q25 and 2025 EPS with double‑digit revenue and PPNR growth.

2. Jan 23

   Debt exchange offer

   24h Move

   +0.5%

   Announced final results of 2026 notes exchange into longer‑dated 2031 notes.

3. Jan 21

   Loan securitization

   24h Move

   +2.1%

   Closed $295M ALP loan securitization, the 17th and largest rated transaction.

4. Jan 12

   Earnings call notice

   24h Move

   +4.7%

   Scheduled Q4 2025 earnings release and investor conference call details.

5. Jan 12

   Exchange offer update

   24h Move

   +4.7%

   Extended exchange offer for 5.50% notes due 2026 into new 2031 notes.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

senior notes, exchange offer, securitizations, investment-grade ratings, +1 more

5 terms

senior notes financial

"retired $95 million of fixed rate senior notes that matured on February 1, 2026"

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.

exchange offer financial

"a recently completed exchange offer pursuant to which the Company exchanged $7.9 million"

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.

securitizations financial

"the 17 securitizations we’ve issued have maintained their initial investment-grade ratings"

Securitizations are transactions that bundle similar financial assets—like mortgages, car loans, or credit-card receivables—and convert them into tradable securities that investors can buy. Think of it as pooling many small loans into one package and selling slices of that package; this changes who bears the credit risk, creates different return and risk levels, and can improve liquidity. Investors care because securitizations determine potential income, the level of default risk tied to the underlying loans, and how easily those investments can be bought or sold.

investment-grade ratings financial

"securitizations we’ve issued have maintained their initial investment-grade ratings or been upgraded"

A label assigned by credit rating agencies that signals a borrower — such as a company or government — is judged to have relatively low risk of default and a strong ability to repay debt. Like a consumer credit score for institutions, investment-grade ratings matter because they lower borrowing costs, broaden the pool of potential investors (including conservative funds that only buy investment-grade debt), and influence how risky a security looks in a portfolio.

BDC financial

"The NEWTZs were the last remnant of debt that the Company had issued as a BDC"

A business development company (BDC) is a publicly traded investment firm that lends to and takes ownership stakes in small- and mid-sized private companies that often can’t get traditional bank loans. Like a neighborhood lending pool or venture backer you can buy shares in, a BDC can offer higher dividend income but also carries greater credit and economic risk, so investors focus on the quality of its loans, portfolio companies and payout sustainability.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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BOCA RATON, Fla., Feb. 02, 2026 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT) retired $95 million of fixed rate senior notes that matured on February 1, 2026. The 5-year notes, which were publicly traded under the ticker symbol “NEWTZ”, were issued in 2021. The Company funded the $95.0 million repayment with $87.1 million of working capital and a recently completed exchange offer pursuant to which the Company exchanged $7.9 million of NEWTZ notes for a like amount of newly issued NEWTO notes. The NEWTZs were the last remnant of debt that the Company had issued as a BDC and were owned by many investors that were buyers of BDC debt. Inclusive of the just retired $95 million of senior notes, since 2018 the Company has redeemed $294 million of senior notes:

• $40.3 million of fixed rate, publicly traded senior notes due 2021 were retired in March 2018
• $8.3 million of fixed rate, publicly traded senior notes due 2022 were retired in August 2019
• $57.5 million of fixed rate, publicly traded senior notes due 2023 were retired in February 2021
• $78.3 million of fixed rate, publicly traded senior notes due 2024 were retired in December 2021
• $15.0 million of fixed rate, privately issued senior notes due 2025 were retired in May 2022.
  

Barry Sloane, Founder, CEO, President, and Chairman of NewtekOne, commented, “We are proud of NewtekOne’s 25-year history as a public company, having managed through tumultuous periods such as 9/11, the Great Financial Crisis, COVID-19, higher interest rates, lower interest rates, and our 2023 transition from a BDC to a technology-enabled financial holding company. In addition to the Company having never missed a principal or an interest payment, the 17 securitizations we’ve issued have maintained their initial investment-grade ratings or been upgraded and have never been on credit watch.”

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did NewtekOne (NEWT) announce about retiring debt on February 2, 2026?

NewtekOne retired $95.0 million of fixed-rate senior notes that matured Feb 1, 2026. According to the company, repayment used $87.1 million of working capital plus an exchange of $7.9 million of NEWTZ into NEWTO notes.

How much total senior note debt has NewtekOne (NEWT) redeemed since 2018?

NewtekOne has redeemed a total of $294 million in senior notes since 2018. According to the company, that total includes the just-retired $95.0 million matured notes and prior redemptions dating back to 2018.

How did NewtekOne (NEWT) fund the $95 million repayment of NEWTZ notes?

The company funded the payment with $87.1 million of working capital and an exchange of $7.9 million of NEWTZ into NEWTO notes. According to the company, the exchange offer converted a portion of outstanding NEWTZ holdings.

Does retiring the NEWTZ notes affect NewtekOne's (NEWT) leverage or liquidity?

Retiring the notes reduces publicly traded fixed-rate debt but used $87.1 million of working capital. According to the company, the action removes BDC-era debt while temporarily reducing cash liquidity.

What did NewtekOne management say about its track record after the debt retirement?

Management emphasized a 25-year public-company history and no missed principal or interest payments. According to the company, 17 securitizations maintained or improved initial investment-grade ratings and never went on credit watch.