Core Viewpoint - NewtekOne, Inc. has successfully retired $95 million of fixed-rate senior notes, marking a significant step in its financial management and transition from a Business Development Company (BDC) to a technology-enabled financial holding company [1]. Group 1: Financial Management - The company funded the $95 million repayment using $87.1 million of working capital and an exchange offer that involved $7.9 million of NEWTZ notes being exchanged for newly issued NEWTO notes [1]. - Since 2018, NewtekOne has redeemed a total of $294 million in senior notes, demonstrating a consistent strategy in managing its debt obligations [1]. - The retired notes were the last remnants of debt issued as a BDC, indicating a shift in the company's capital structure [1]. Group 2: Company History and Stability - NewtekOne has a 25-year history as a public company, successfully navigating various economic challenges, including 9/11, the Great Financial Crisis, and the COVID-19 pandemic [1]. - The company has maintained a strong track record, having never missed a principal or interest payment on its debt [1]. - The 17 securitizations issued by the company have either maintained their initial investment-grade ratings or been upgraded, with none being placed on credit watch [1]. Group 3: Business Solutions Offered - NewtekOne provides a wide range of business and financial solutions, including banking, business lending, SBA lending solutions, electronic payment processing, accounts receivable financing, insurance solutions, and payroll and benefits solutions [2][3]. - The company also offers technology solutions such as cloud computing, data backup, IT consulting, and web services through its subsidiary Intelligent Protection Management Corp [3].

Core Insights - NewtekOne, Inc. has appointed Justine Martin as Chief Revenue Officer of its subsidiary Newtek Merchant Solutions, LLC, focusing on enhancing integration across payments, banking, and lending functions [1][3] - Martin brings over 30 years of experience in the payments processing industry, primarily from Bank of America's Merchant Services division, where she successfully led sales teams and drove client and revenue growth [2] - The company aims to redefine payment processing for independent business owners by offering a comprehensive, integrated solution that simplifies transactions and financial management [3] Company Overview - NewtekOne, Inc. is a financial holding company providing a wide range of business and financial solutions to independent business owners across the United States since 1999 [4] - The company's offerings include banking, business lending, electronic payment processing, accounts receivable financing, insurance solutions, and technology solutions [5] Strategic Goals - The company seeks to empower clients with a seamless payment processing experience, integrating various payment methods and providing real-time information to help businesses understand their operations better [3] - NewtekOne differentiates itself from traditional banks by offering lower-cost, comprehensive solutions tailored for small businesses, aiming to enhance client satisfaction and operational efficiency [3]