NewtekOne, Inc. Upsizes Warehouse Facility to Support Growth of ALP Business

BOCA RATON, Fla., June 18, 2025 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the "Company") (NASDAQ: NEWT) announced today that its consolidated subsidiary, Newtek ALP Holdings, amended and upsized its revolving credit facility with Deutsche Bank AG ("DB"), which facility 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 to $170 million. DB has been an ALP warehouse lender to ...