debt
confidence high
sentiment neutral
materiality 0.50
Enova amends RAOD securitization facility; total commitment ~$237M
Enova International, Inc.
- Amendment No. 10 extends revolving period to Nov 2026, maturity to Nov 2027.
- Class A commitment $200M at SOFR+1.85%; Class B $36.8M at SOFR+7.60%.
- Borrowing base advance rates: 76% Class A, 90% overall facility.
- Facility is asset-backed revolving debt for Enova's indirect subsidiaries.