NewtekOne pays off $185 million in credit facilities, shifts funding to bank
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NewtekOne, Inc. Pays Off and Expects to Terminate Revolving Lines of Credit at Holding Company Subsidiary
April 10, 2026 8:30 AM EDTBOCA RATON, Fla., April 10, 2026 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (NASDAQ: NEWT) (NewtekOne or the Company) announced that its subsidiary Newtek ALP Holdings has paid down to $0 two credit facilities that it had used to fund originations of Alternative Loan Program or ALP loans (also referred to as C&I longer amortizing loans (C&I LA loans)). Going forward, NewtekOnes bank subsidiary, Newtek Bank, N.A. (the Bank), will be originating C&I LA loans and funding them with deposits. As has been the Companys practice since launching the C&I LA loans business in 2019, NewtekOne intends... More
