NewtekOne (NASDAQ:NEWT) announced on Tuesday the amendment of a revolving credit facility, which aims to fund the origination of alternative loan program loans before they are placed into securitizations.
The unit Newtek ALP Holdings amended the facility with Capital One (COF), with the amendment providing for an increase in the size to $100M from $60M and a maturity extension of two years.
Shares were +0.68% pre-market to $11.90.
Last month, the financial holding company amended and upsized a revolving credit facility with Deutsche Bank.
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