NewtekOne (NEWT) announced that its consolidated subsidiary, Newtek ALP Holdings, amended its revolving credit facility with Capital One, which is employed to fund the origination of Alternative Loan Program loans before they are placed into securitizations. The amendment provides for, among other things, a facility increase from $60 million to $100 million and a maturity extension of two years. The amended and extended Capital One facility comes on the heels of the Deutsche Bank ALP facility being amended in June.
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