What’s Going On with
$NEWT — Big Moves & New Strategy
Debt restructure & extension — new 2031 notes
On , 2025 l launched an exchange offer: holders of its 5.50% Notes due 2026 can swap into new 8.50% Fixed‑Rate Senior Notes due February 1, 2031. The exchange is by principal amount, plus accrued interest.
This moves the company’s maturity wall from 2026 out to 2031.
New notes will pay a juicy 8.50% annually (quarterly payments) starting Feb 2026 — attractive for yield‑seekers.
If successful (requires at least 10% of outstanding old notes to be tendered), the “New Notes” will be listed on Nasdaq under ticker “
$NEWT Capital raise & improved balance sheet strength
The company recently closed an offering of depositary shares underlying its Series B perpetual preferred stock, raising roughly US$48.4 million.
That raised its Tier‑1 capital ratio significantly (from 16.1% → 19.2%), strengthening its capital base.
Big securitization + share‑buyback program
announced its largest securitization to date, issuing rated notes backed by its Alternative Loan Program (ALP) loans — a sign of scale.
On top of that, the company repurchased 100,670 shares of its own common stock at an average price of about $10.20/share — often interpreted as a bullish signal from management that the stock is undervalued.
Strong underlying financials & optimistic 2025 guidance
For 2024,
$NEWT delivered EPS of $1.97 (basic), a sizable increase over prior year.
Management has reaffirmed EPS guidance for 2025 at $2.10–$2.50, which signals confidence in growth and execution.
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