NewtekOne, Inc. director Thomas David Cestare filed an initial ownership report on Form 3. The filing shows he directly holds 70 shares of NewtekOne common stock as of the reported date. This is a baseline disclosure of his beneficial ownership, not a reported purchase or sale.
NewtekOne, Inc. completed a private offering of $15.0 million aggregate principal amount of its 8.375% note due 2033 to an institutional accredited investor. The exempt transaction relied on Section 4(a)(2) of the Securities Act, and the note is not registered for public sale.
The company received net proceeds of approximately $14.9 million and plans to use the funds for general corporate purposes. The note bears interest at 8.375% per year, payable semiannually starting August 1, 2026, and matures on March 1, 2033.
NewtekOne may redeem the note at a make-whole price before January 1, 2033, or at 100% of principal plus accrued interest thereafter. The note is an unsecured, unsubordinated obligation ranking equally with NewtekOne’s other unsecured unsubordinated debt and is structurally and effectively subordinated to subsidiary and secured indebtedness.