---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-024972"
form_type: "8-K"
ticker: "ENVA"
cik: "0001529864"
company_name: "Enova International, Inc."
filed_at: "2023-05-31T23:59:59+00:00"
generated_at: "2026-06-14T10:24:40.573230+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Enova subsidiary enters $287M credit facility with Class A and B tranches

## Summary
- Total commitments: $215M Class A (agreed rate+2.7%), $72.2M Class B (SOFR+8.5%).
- Revolving period through May 25, 2025; maturity May 25, 2026.
- Advance rates: 65.5% on Class A, 87.5% on Class B.
- BNP Paribas as administrative agent, Deutsche Bank as paying agent.
- Transaction executed by Enova subsidiary HWC Receivables 2023, LLC.

## SEC filing metadata
- accession: 0000950170-23-024972
- form_type: 8-K
- ticker: ENVA
- cik: 0001529864
- company_name: Enova International, Inc.
- filed_at: 2023-05-31T23:59:59+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/1529864/000095017023024972/0000950170-23-024972-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1529864/000095017023024972/enva-20230525.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-024972
- JSON: https://secwatch.observer/filing/0000950170-23-024972.json
- Plain text: https://secwatch.observer/filing/0000950170-23-024972.txt

## Key facts
- Debt Financings
  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
  source text: 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,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1529864/000095017023024972/0000950170-23-024972-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1529864/000095017023024972/0000950170-23-024972-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.