debt
confidence high
sentiment neutral
materiality 0.50
Enova subsidiary amends $200M note facility; rate SOFR+4.25%, maturity Oct 2028
Enova International, Inc.
- NetCredit 2022 (Enova subsidiary) entered Second Amendment to Note Issuance and Purchase Agreement on Oct 15, 2024.
- Total commitment remains $200M; borrowing rate set at SOFR + 4.25% with 85% funding rate.
- Revolving period extends to October 15, 2026; maturity moves to October 15, 2028.
- Jefferies Funding LLC serves as administrative agent and initial note purchaser.