debt
confidence high
sentiment neutral
materiality 0.50
Enova amends $487.6M securitization facility with extended maturity to Sept 2027
Enova International, Inc.
- Total facility commitment: $487.595M, split into Class A ($365M) and Class B ($122.595M).
- Class A borrowing rate: agreed rate + 2.70%; Class B: SOFR + 8.50%.
- Advance rates: Class A 65.5%, Class B 87.5%; revolving period ends Sept 2026.
- Maturity extended to Sept 2027; BNP Paribas serves as administrative and collateral agent.