NewtekOne, Inc. Announces Completion of $154.32 Million Business Loan Securization

BOCA RATON, Fla.—NewtekOne, Inc. (NEWT), a recognized player in the business services and financial arena, has recently achieved a significant milestone by finalizing a substantial securitization deal. The company's offshoot, Newtek-TSO II Conventional Credit Partners, LP, known as Newtek-TSO, completed a securitization backed by a portfolio of alternative business loans, marking a notable moment in NewtekOne's operational timeline.

Details of the Securitization

The securitization transaction saw the sale of $137,170,000 in Class A Notes rated 'A(sf)' by Egan-Jones Ratings Company. This financial maneuver successfully closed with an aggregate loan backing of $154,320,000, providing the organization with enhanced liquidity and a strong vote of confidence from institutional investors. With this deal, NewtekOne exhibits its capacity to navigate complex financial structures, affirming its prowess in the alternative lending space.

Impact on NewtekOne and Its Clients

By securing this securitization, NewtekOne—under the ticker symbol NEWT on NASDAQ—has not only fortified its cash position but also reinforced its commitment to supporting small to medium-sized businesses (SMBs) with diverse funding solutions. This move signifies a strategic advancement that underlines the company's dedication to innovation and customer-centric services in the competitive fintech and alternative lending markets.

NewtekOne, Securitization, Loan