BOCA RATON, Fla., Jan. 12, 2026 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (“NewtekOne”) today announced that the expiration date with respect to its previously announced offer to exchange (the “Exchange Offer”) its outstanding 5.50% Notes due 2026 (the “Old Notes”) for an equal principal amount of newly issued 8.50% Fixed Rate Senior Notes due 2031 (the “New Notes”) has been extended to January 23, 2026 in order to provide holders of Old Notes additional time to participate in the Exchange Offer and exchange thei ...

Core Viewpoint - NewtekOne, Inc. is initiating an Exchange Offer to exchange its outstanding 5.50% Notes due 2026 for newly issued 8.50% Fixed Rate Senior Notes due 2031, aiming to provide existing holders with an opportunity to continue their investment in the company's senior notes [1][5]. Group 1: Exchange Offer Details - The Exchange Offer involves exchanging $95.0 million aggregate principal amount of Old Notes for an equal principal amount of New Notes, with each $25 principal amount of Old Notes exchanged for $25 principal amount of New Notes [2]. - The New Notes will mature on February 1, 2031, and will bear an interest rate of 8.50% per annum, payable quarterly starting February 1, 2026 [3]. - The Exchange Offer will expire at 5:00 p.m. New York City time on January 9, 2026, unless extended or terminated earlier [3]. Group 2: Conditions and Purpose - The consummation of the Exchange Offer is contingent upon at least 10% of the aggregate principal amount of Old Notes being validly tendered and not withdrawn [4]. - The purpose of the Exchange Offer is to allow holders of the Old Notes, which mature on February 1, 2026, to continue holding NewtekOne senior notes [5]. Group 3: Company Overview - NewtekOne, Inc. is a financial holding company that provides a wide range of business and financial solutions to independent business owners across the United States [11]. - The company's services include banking, business lending, electronic payment processing, and technology solutions, among others [12].