Business: NewtekOne, Inc, 8.50% Notes Due 08/1/2024 issued in $25 denominations, redeemable at the issuer's option on or after 08/01/2027 at $25 per note plus accrued and unpaid interest, and maturing 06/01/2029. <p> Interest distributions of 8.5% per annum ($2.125 per annum or $0.53125 per quarter) will be paid quarterly on 3/1, 6/1, 9/1 & 12/1. The initial interest period will be the period from and including May 30, 2024, to, but excluding, the initial interest payment date, and the subsequent interest periods will be the periods from and including an interest payment date to, but excluding, the next interest payment date or the stated maturity date, as the case may be. <p> Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. <p> This security was not rated by Moody’s or S&P at the time of its IPO. This security was rated as BBB+ by Egan Jones Ratings Co. at the date of its IPO. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.