Newtek Merchant Solutions Obtains Term Facility and Line of Credit from Goldman Sachs Alternatives

Core Points - NewtekOne, Inc. announced the refinancing of its subsidiary Newtek Merchant Solutions' debt, securing a $90 million term loan and a $5 million line of credit from Goldman Sachs Alternatives [1][2] - The refinancing allowed for the full repayment of approximately $30 million in outstanding term debt with another lender and eliminated a $10 million undrawn line of credit [1] - The additional funding will support loans to the company and may be used to repay unsecured senior debt and for general corporate purposes [2] Company Overview - NewtekOne is a financial holding company that provides a variety of business and financial solutions to independent business owners across the United States [3] - The company's offerings include banking, business lending, SBA lending solutions, electronic payment processing, accounts receivable financing, insurance solutions, and technology solutions [4]