secwatch / observer
8-K filed May 31, 2023, 7:59 PM ET ticker ENVA CIK 0001529864
debt confidence high sentiment neutral materiality 0.50

Enova International, Inc. (ENVA): debt financing — Enova subsidiary enters $287M credit facility with Class A and B tranches

Enova International, Inc.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

Enova International, Inc. incurred credit facility of $215,000,000.00 Class A Revolving Loans and $72,213,740.46 Class B Revolving Loans with BNP Paribas, as administrative agent and collateral agent, and Deutsche Bank Trust Company Americas, as paying agent at Class A: Agreed rate + 2.70%; Class B: SOFR + 8.50% maturing May 25, 2026.

Instrument
credit facility
Principal
$215,000,000.00 Class A Revolving Loans and $72,213,740.46 Class B Revolving Loans
Counterparty
BNP Paribas, as administrative agent and collateral agent, and Deutsche Bank Trust Company Americas, as paying agent
Rate
Class A: Agreed rate + 2.70%; Class B: SOFR + 8.50%
Maturity
May 25, 2026
Event
incurrence
Exact text from the filing
Company Americas, as paying agent. The following table summarizes certain key terms of the Credit Agreement. Class A Revolving Loans Class B Revolving Loans Commitment Amount $215,000,000.00 $72,213,740.46 Borrowing Rate Agreed rate + 2.70% SOFR + 8.50% Borrowing Base Advance Rate 65.5% 87.5% Revolving Period Termination May 25, 2025 May 25, 2025 Maturity Date May 25,
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Enova International, Inc. entered into Credit Agreement with BNP Paribas valued at Total commitments of $287,213,740.46 (Class A $215,000,000, Class B $72,213,740.46) (effective 2023-05-25).

Action
entry
Agreement
credit facility
Counterparty
BNP Paribas
Value
Total commitments of $287,213,740.46 (Class A $215,000,000, Class B $72,213,740.46)
Effective
2023-05-25
Exact text from the filing
On May 25, 2023, HWC Receivables 2023, LLC (" HWCR 2023 "), a wholly-owned indirect subsidiary of Enova International, Inc. (the " Company "), entered into that certain Credit Agreement (the " Credit Agreement ") with the lenders from time to time party thereto, BNP Paribas, as administrative agent and collateral agent, and Deutsche Bank Trust Company Americas, as paying agent.
View on SEC.gov

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Enova International, Inc. filing history →

Source: SEC EDGAR
accession 0000950170-23-024972
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