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Stock impact report

NewtekOne, Inc. Completes Offering of $71.875 Million of 8.50% Fixed Rate Senior Notes Due 2029

NewtekOne, Inc. (NEWT) 
Last newtekone, inc. earnings: 11/6 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.newtekbusinessservices.com
Company Research Source: GlobeNewswire
BOCA RATON, Fla., June 05, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (Nasdaq: NEWT), announced that it completed a registered public offering of $71.875 million aggregate principal amount of its 8.50% Fixed Rate Senior Notes due 2029 (the “Notes”), including the underwriters full exercise of their option to purchase additional Notes (the “Offering). The Company received $69,718,750 in proceeds, before expenses, from the sale of the Notes. The Notes will mature on June 1, 2029, and may be redeemed by the Company, in whole or in part, at any time on or after June 1, 2027, at a redemption price equal to 100% of the outstanding principal amount to be redeemed plus accrued and unpaid interest. The Notes will bear interest at a rate of 8.50% per year payable quarterly on each March 1, June 1, September 1 and December 1, beginning September 1, 2024. The Notes are listed on the Nasdaq Global Market® under the trading symbol “NEWTG.” The Company intends to use the proceeds from the sale of Show less Read more
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