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Newtek Business Completes Modest Debt Exchange Offer

Story Highlights
  • NewtekOne’s 2026-to-2031 note exchange offer closed with only 8.29% tendered.
  • The company waived its 10% minimum, will settle January 28, and expects to repay remaining 2026 notes at maturity.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Newtek Business Completes Modest Debt Exchange Offer

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The latest update is out from Newtek Business ( (NEWT) ).

On January 23, 2026, NewtekOne, Inc. announced that its exchange offer to swap any and all of its 5.50% Notes due 2026 for newly issued 8.50% Fixed Rate Senior Notes due 2031 expired that day at 5:00 p.m. Eastern, with $7,877,200 of the 2026 notes—about 8.29% of the $95 million outstanding—validly tendered and not withdrawn. The company waived its minimum condition that at least 10% of the old notes be exchanged, accepted all notes tendered, and expects to settle the transaction on January 28, 2026, after which approximately $87,122,800 of the 2026 notes will remain outstanding and are expected to be repaid at their February 1, 2026 maturity, indicating a relatively limited uptake of the exchange offer and a modest extension of a portion of the company’s debt profile.

The most recent analyst rating on (NEWT) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on Newtek Business stock, see the NEWT Stock Forecast page.

Spark’s Take on NEWT Stock

According to Spark, TipRanks’ AI Analyst, NEWT is a Outperform.

NEWT scores positively overall due to strong valuation (low P/E and high dividend yield) and constructive technical momentum (above key moving averages with positive MACD). The main constraint on the score is financial risk: high leverage and negative operating/free cash flows. Earnings-call guidance and recent corporate actions provide additional support but are tempered by credit-quality and NSBF loss headwinds.

To see Spark’s full report on NEWT stock, click here.

More about Newtek Business

NewtekOne, Inc., branded as NewtekOne and Newtek, is a financial holding company that, together with its bank and non-bank subsidiaries, provides a broad suite of business and financial solutions to independent business owners across all 50 U.S. states. Its offerings span banking through Newtek Bank, N.A., business and SBA lending, electronic payment processing, accounts receivable and inventory financing, insurance solutions, payroll and benefits services, as well as technology solutions such as cloud computing, data backup and storage, IT consulting, and web services via Intelligent Protection Management Corp. (IPM.com).

Average Trading Volume: 266,105

Technical Sentiment Signal: Strong Buy

Current Market Cap: $395.5M

See more insights into NEWT stock on TipRanks’ Stock Analysis page.

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