debt
confidence high
sentiment neutral
materiality 0.60
Enova subsidiary proposes $261M Series 2025-1 asset-backed notes offering
Enova International, Inc.
- OnDeck Asset Securitization IV, LLC plans to issue $261,392,000 in Series 2025-1 Fixed Rate Asset-Backed Notes.
- Collateral consists of a revolving pool of small business loans originated by ODK Capital, LLC (OnDeck).
- Proceeds will be used to purchase small business loans from OnDeck; Enova gets cash for general corporate purposes.
- Notes are not guaranteed by Enova or OnDeck; offered under Rule 144A and Regulation S only.
- Historical loan delinquency and net charge-off data for qualifying loans furnished as Exhibit 99.1.