--- schema_version: "secwatch.filing_event.v1" accession: "0000950170-22-025465" form_type: "8-K" ticker: "ENVA" cik: "0001529864" company_name: "Enova International, Inc." filed_at: "2022-11-21T23:59:59+00:00" generated_at: "2026-06-21T15:00:04.759255+00:00" event_type: "debt" sentiment: "neutral" materiality_score: 0.5 calibrated_materiality_score: 0.5 confidence: "high" source: SEC EDGAR --- # Enova amends two asset-backed revolving facilities totaling $463.6M ## Summary - RAOD facility amended: $200M Class A at SOFR+1.90%, $30.3M Class B at SOFR+8.00%. - ODR 2021-1 facility amended: $200M Class A at CP+1.85%, $33.3M Class B at SOFR+8.00%. - RAOD revolving period ends Nov 2024, maturity Nov 2025; ODR 2021-1 revolving ends Nov 2023. - Both facilities advance rates unchanged: Class A 76% or 75%, Class B 87.5%. - Truist Bank acts as admin agent on RAOD; JPMorgan and Deutsche Bank on ODR 2021-1. ## SEC filing metadata - accession: 0000950170-22-025465 - form_type: 8-K - ticker: ENVA - cik: 0001529864 - company_name: Enova International, Inc. - filed_at: 2022-11-21T23:59:59+00:00 - event_type: debt - sentiment: neutral - materiality_score: 0.5 - calibrated_materiality_score: 0.5 - confidence: high - sec_items: 1.01, 2.03 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1529864/000095017022025465/0000950170-22-025465-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1529864/000095017022025465/enva-20221118.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0000950170-22-025465 - JSON: https://secwatch.observer/filing/0000950170-22-025465.json - Plain text: https://secwatch.observer/filing/0000950170-22-025465.txt ## Key facts - Debt Financings Enova International, Inc. amended revolving credit of $233,333,333.33 with JPMorgan Chase Bank, N.A. at CP/SOFR + 2.73% maturing November 2024. - Instrument: revolving credit - Principal: $233,333,333.33 - Counterparty: JPMorgan Chase Bank, N.A. - Rate: CP/SOFR + 2.73% - Maturity: November 2024 - Event: amendment source text: On November 18, 2022, OnDeck Receivables 2021, LLC (“ ODR 2021 ”), a wholly-owned indirect subsidiary of the Company, amended its existing revolving receivables facility (the “ ODR 2021-1 Securitization Facility ”) by entering into that certain Amendment No. 3 to Credit Agreement (the “ Third Amendment ”) with the lenders party thereto from time to time, JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, and Deutsche Bank Trust Company Americas, as paying agent. The following table summarizes certain key terms of the amended ODR 2021-1 Securitization Facility: Class A Revolving Loans Class B Revolving Loans Total Facility Commitment Amount $200,000,000 $33,333,333.33 $233,333,333.33 Borrowing Rate CP Rate + 1.85% SOFR + 8.00% CP/SOFR + 2.73% Borrowing Base Advance Rate 75% 87.5% 87.5% Revolving Period End Date November 2023 November 2023 November 2023 Maturity Date November 2024 November 2024 November 2024 evidence_url: https://www.sec.gov/Archives/edgar/data/1529864/000095017022025465/0000950170-22-025465-index.htm - Debt Financings Enova International, Inc. amended revolving credit of $230,263,157.89 with Truist Bank at SOFR + 2.70% maturing November 2025. - Instrument: revolving credit - Principal: $230,263,157.89 - Counterparty: Truist Bank - Rate: SOFR + 2.70% - Maturity: November 2025 - Event: amendment source text: On November 18, 2022, Receivable Assets of OnDeck, LLC (“ RAOD ”), a wholly-owned indirect subsidiary of Enova International, Inc. (the “ Company ”), amended its existing asset-backed revolving debt facility (the “ RAOD Securitization Facility ”) by entering into Amendment No. 8 to Fourth Amended and Restated Credit Agreement (the “ Eighth Amendment ”) with the lenders party thereto from time to time and Truist Bank, as administrative agent. The following table summarizes certain key terms of the amended RAOD Securitization Facility: Class A Revolving Loans Class B Revolving Loans Total Facility Commitment Amount $200,000,000 $30,263,157.89 $230,263,157.89 Borrowing Rate SOFR + 1.90% SOFR + 8.00% SOFR + 2.70% Borrowing Base Advance Rate 76% 87.5% 87.5% Revolving Period End Date November 2024 November 2024 November 2024 Maturity Date November 2025 November 2025 November 2025 evidence_url: https://www.sec.gov/Archives/edgar/data/1529864/000095017022025465/0000950170-22-025465-index.htm - Material Agreements Enova International, Inc. amended Third Amendment with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, Deutsche Bank Trust Company Americas, as paying agent, and lenders from time to time valued at $233,333,333.33 (effective 2022-11-18). - Action: amendment - Agreement: credit facility - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, Deutsche Bank Trust Company Americas, as paying agent, and lenders from time to time - Value: $233,333,333.33 - Effective: 2022-11-18 source text: On November 18, 2022, OnDeck Receivables 2021, LLC (“ ODR 2021 ”), a wholly-owned indirect subsidiary of the Company, amended its existing revolving receivables facility (the “ ODR 2021-1 Securitization Facility ”) by entering into that certain Amendment No. 3 to Credit Agreement (the “ Third Amendment ”) with the lenders party thereto from time to time, JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, and Deutsche Bank Trust Company Americas, as paying agent. The following table summarizes certain key terms of the amended ODR 2021-1 Securitization Facility: Class A Revolving Loans Class B Revolving Loans Total Facility Commitment Amount $200,000,000 $33,333,333.33 $233,333,333.33 evidence_url: https://www.sec.gov/Archives/edgar/data/1529864/000095017022025465/0000950170-22-025465-index.htm - Material Agreements Enova International, Inc. amended Eighth Amendment with Truist Bank, as administrative agent, and lenders from time to time valued at $230,263,157.89 (effective 2022-11-18). - Action: amendment - Agreement: credit facility - Counterparty: Truist Bank, as administrative agent, and lenders from time to time - Value: $230,263,157.89 - Effective: 2022-11-18 source text: On November 18, 2022, Receivable Assets of OnDeck, LLC (“ RAOD ”), a wholly-owned indirect subsidiary of Enova International, Inc. (the “ Company ”), amended its existing asset-backed revolving debt facility (the “ RAOD Securitization Facility ”) by entering into Amendment No. 8 to Fourth Amended and Restated Credit Agreement (the “ Eighth Amendment ”) with the lenders party thereto from time to time and Truist Bank, as administrative agent. The following table summarizes certain key terms of the amended RAOD Securitization Facility: Class A Revolving Loans Class B Revolving Loans Total Facility Commitment Amount $200,000,000 $30,263,157.89 $230,263,157.89 evidence_url: https://www.sec.gov/Archives/edgar/data/1529864/000095017022025465/0000950170-22-025465-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.