The exchange removes near-term refinancing risk on $24M of notes but leaves $26M due in ~3 months. Monitor whether the company addresses the remaining $26M maturity before February 1, 2027 — a cash repayment, refinancing, or further exchange would be the next catalyst.
Price Chart
Executive Summary
NewtekOne exchanged $24.0 million of its 8.125% Senior Notes due 2027 for newly issued 8.125% Fixed Rate Senior Notes due February 1, 2029, extending the maturity by two years. The remaining $26.0 million of the original notes are expected to be repaid at the February 1, 2027 maturity date. This is a liability management move that pushes out near-term debt maturities but keeps the same interest rate, with no change to total principal outstanding.
Key Facts
- Exchanged $24.0 million of 8.125% Senior Notes due 2027 for $24.0 million of new 8.125% Fixed Rate Senior Notes due February 1, 2029
- New notes mature February 1, 2029, extending maturity by ~2 years from the original February 1, 2027 date
- Interest rate unchanged at 8.125% per annum, payable quarterly
- Remaining $26.0 million of original Senior Notes expected to be repaid on the original February 1, 2027 maturity date
- Exchange was a private placement to institutional accredited investors under Section 4(a)(2) of the Securities Act
Financial Impact
No new cash raised; $24.0 million of debt maturity extended by ~2 years at the same 8.125% coupon. $26.0 million of remaining notes still due February 1, 2027.
Risk Factors
- Remaining $26.0 million of Senior Notes due February 1, 2027 still outstanding and must be repaid or refinanced
- No change to interest rate — 8.125% coupon remains, keeping interest cost unchanged
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-066702 |
| Document: 0001628280-26-066702-index-headers.html | 0001628280-26-066702 |
| Document: 0001628280-26-066702-index.html | 0001628280-26-066702 |
| Document: 0001628280-26-066702.txt | 0001628280-26-066702 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | 8-K | $11.62 | awaiting T+5 | — | $11.51 (−0.95%) |
Oct 15, 2026 12d ago | Press Release | $10.94 | awaiting T+5 | — | $11.51 (+5.21%) |
Sep 14, 2026 6w ago | 8-K | $12.26 $11.64 | ▼ −5.06% | ▼ −6.72% | $11.51 (−6.12%) |
Aug 28, 2026 8w ago | Press Release | $11.91 $12.44 | ▲ +4.45% | ▲ +4.34% | $11.51 (−3.36%) |
Jul 22, 2026 13w ago | EFFECT | $14.73 $14.74 | ▲ +0.07% | ▲ +2.47% | $11.51 (−21.86%) |
Jun 25, 2026 17w ago | S-3 | $14.69 $14.57 | ▼ −0.82% | ▼ −2.98% | $11.51 (−21.65%) |
Jun 16, 2026 19w ago | Insider Cluster | $13.92 $14.14 | ▲ +1.58% | ▲ +3.81% | $11.51 (−17.31%) |
Jun 15, 2026 19w ago | Insider Cluster | $13.72 $13.74 | ▲ +0.15% | ▲ +1.53% | $11.51 (−16.11%) |
Jun 15, 2026 19w ago | Insider Buy | $13.72 $13.74 | ▲ +0.15% | ▲ +1.53% | $11.51 (−16.11%) |
Jun 12, 2026 19w ago | 8-K | $14.00 $13.91 | ▼ −0.64% | ▼ −1.32% | $11.51 (−17.79%) |
US Market Status
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