NewtekOne, Inc. Upsizes Additional Warehouse Facility to Support Growth of ALP Business
NewtekOne (NASDAQ: NEWT) has announced a significant expansion of its revolving credit facility with Capital One to support its Alternative Loan Program (ALP) business. The amended facility includes an increase from $60 million to $100 million and a two-year maturity extension.
This expansion follows the recent amendment of NewtekOne's Deutsche Bank ALP facility in June. The company has completed sixteen securitization transactions since 2010, with both Capital One Securities and Deutsche Bank playing crucial roles in warehouse financing and distribution to institutional investors.
NewtekOne (NASDAQ: NEWT) ha annunciato un'importante espansione della sua linea di credito revolving con Capital One a supporto del suo programma di prestiti alternativi (ALP). La linea di credito modificata prevede un aumento da 60 milioni di dollari a 100 milioni di dollari e un'estensione della scadenza di due anni.
Questa espansione segue la recente modifica della linea ALP di NewtekOne con Deutsche Bank avvenuta a giugno. L'azienda ha completato sedici operazioni di cartolarizzazione dal 2010, con Capital One Securities e Deutsche Bank che hanno avuto un ruolo fondamentale nel finanziamento di magazzino e nella distribuzione agli investitori istituzionali.
NewtekOne (NASDAQ: NEWT) ha anunciado una importante ampliación de su línea de crédito revolvente con Capital One para apoyar su Programa de Préstamos Alternativos (ALP). La línea de crédito modificada incluye un aumento de 60 millones a 100 millones de dólares y una extensión de madurez de dos años.
Esta expansión sigue a la reciente enmienda de la línea ALP de NewtekOne con Deutsche Bank en junio. La compañía ha completado dieciséis transacciones de titulización desde 2010, con Capital One Securities y Deutsche Bank desempeñando roles clave en el financiamiento de almacenes y la distribución a inversores institucionales.
NewtekOne (NASDAQ: NEWT)은(는) 대체 대출 프로그램(ALP) 사업을 지원하기 위해 Capital One과의 회전 신용 한도를 크게 확장했다고 발표했습니다. 개정된 신용 한도는 6천만 달러에서 1억 달러로 증가했으며 만기가 2년 연장되었습니다.
이번 확장은 6월에 있었던 NewtekOne의 Deutsche Bank ALP 시설 개정에 이은 것입니다. 회사는 2010년 이후 16건의 증권화 거래를 완료했으며 Capital One Securities와 Deutsche Bank가 창고 금융 및 기관 투자자 대상 배분에서 중요한 역할을 했습니다.
NewtekOne (NASDAQ : NEWT) a annoncé une expansion significative de sa facilité de crédit renouvelable avec Capital One afin de soutenir son programme de prêts alternatifs (ALP). La facilité modifiée prévoit une augmentation de 60 millions à 100 millions de dollars ainsi qu'une extension de la durée de deux ans.
Cette expansion fait suite à la récente modification de la facilité ALP de NewtekOne avec Deutsche Bank en juin. La société a réalisé seize opérations de titrisation depuis 2010, Capital One Securities et Deutsche Bank jouant tous deux un rôle clé dans le financement des stocks et la distribution aux investisseurs institutionnels.
NewtekOne (NASDAQ: NEWT) hat eine bedeutende Erweiterung seiner revolvierenden Kreditfazilität mit Capital One angekündigt, um sein Alternative Loan Program (ALP) Geschäft zu unterstützen. Die geänderte Fazilität beinhaltet eine Erhöhung von 60 Millionen auf 100 Millionen US-Dollar sowie eine Verlängerung der Laufzeit um zwei Jahre.
Diese Erweiterung folgt auf die kürzliche Änderung der ALP-Fazilität von NewtekOne bei der Deutschen Bank im Juni. Das Unternehmen hat seit 2010 sechzehn Verbriefungstransaktionen abgeschlossen, wobei sowohl Capital One Securities als auch die Deutsche Bank eine entscheidende Rolle bei der Lagerfinanzierung und der Verteilung an institutionelle Investoren spielen.
- Credit facility increased significantly by $40 million (67%) from $60M to $100M
- Secured two-year maturity extension on the Capital One facility
- Demonstrates strong institutional backing with 15-year Capital One relationship
- Successfully completed sixteen securitization transactions since 2010
- Increased debt exposure through expanded credit facility
- Greater dependence on warehouse financing for business operations
Insights
NewtekOne expands funding capacity by 67% with Capital One facility increase to $100M, strengthening its loan securitization pipeline.
NewtekOne's amendment to its Capital One revolving credit facility represents a significant enhancement to its funding capabilities. The
The two-year maturity extension adds important funding stability, giving NewtekOne a longer runway to originate loans with reduced refinancing pressure. This warehouse facility functions as a critical bridge in the company's business model - it provides the interim capital needed to originate loans before they're packaged into securitizations and sold to institutional investors.
Particularly noteworthy is the historical context of NewtekOne's securitization track record, with sixteen successful transactions since 2010. This established securitization pipeline, supported by both Capital One and Deutsche Bank, suggests a well-developed distribution network for the company's loan products. The expanded warehouse capacity indicates management anticipates increased loan volume, which could translate to higher origination fees and servicing revenue if executed effectively.
The dual-facility enhancement pattern (both Capital One and Deutsche Bank) reflects a strategic approach to diversifying funding sources while maintaining long-term banking relationships - a prudent financial strategy that reduces concentration risk in the company's funding structure.
BOCA RATON, Fla., July 29, 2025 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (“NewtekOne”) (NASDAQ: NEWT) announced that its consolidated subsidiary, Newtek ALP Holdings, amended its revolving credit facility with Capital One, N.A. (“Capital One”), which is employed to fund the origination of Alternative Loan Program (“ALP”) loans before they are placed into securitizations. The amendment provides for, among other things, a facility increase from
Barry Sloane, Chairman, President, and Chief Executive Officer, commented, “Our borrowing relationship with Capital One extends back almost 15 years. Capital One has been a great partner, helping NewtekOne to grow as a non-bank lender and subsequently as a financial holding company. The expansion of this warehouse facility for ALP loans is consistent with the recent expansion of our Deutsche Bank ALP facility. Capital One Securities and Deutsche Bank, in addition to providing interim warehouse financing, have been instrumental in facilitating the distribution of our sixteen securitization transactions since 2010 and have helped us cultivate a large pool of institutional investors that participate in our securitizations. We are extremely appreciative of our history with Capital One and look forward to growing our business opportunities with the company.”
Capital One’s team led by Eric Shea, Senior Managing Director and Head of Structured Products, and David Kucera, Senior Vice President and Head of Financial Institutions Group, remarked, “We have been a provider of lines of credit and capital market securitization expertise to NewtekOne over its history as a lender to independent business owners and welcome the opportunity to expand our facility and participate in their efforts in providing financing to this important segment of the U.S. economy across all 50 states.”
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 changes did NewtekOne (NEWT) announce to its Capital One credit facility in July 2025?
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How long has NewtekOne maintained a relationship with Capital One?
What is the purpose of NewtekOne's expanded warehouse facility?
How does the Capital One facility expansion relate to NewtekOne's Deutsche Bank facility?
