---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-038626"
form_type: "8-K"
ticker: "ENVA"
cik: "0001529864"
company_name: "Enova International, Inc."
filed_at: "2025-03-13T23:59:59+00:00"
generated_at: "2026-05-24T21:13:26.822972+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Enova subsidiary to offer $261.4M in asset-backed notes (Series 2025-1)

## Summary
- OnDeck Asset Securitization IV, LLC plans to issue $261,392,000 in Series 2025-1 Fixed Rate Asset-Backed Notes.
- Notes split into four tranches: Class A ($126.8M, 5.08%), B ($57.8M, 5.52%), C ($45.5M, 6.64%), D ($31.2M, 8.77%).
- Expected KBRA ratings: AA(sf) for Class A, A-(sf) for B, BBB-(sf) for C, BB(sf) for D.
- Closing expected on or about March 20, 2025; notes legal final payment April 19, 2032.
- Proceeds will fund purchase of small business loans from OnDeck and a reserve account; notes not guaranteed by Enova.

## SEC filing metadata
- accession: 0000950170-25-038626
- form_type: 8-K
- ticker: ENVA
- cik: 0001529864
- company_name: Enova International, Inc.
- filed_at: 2025-03-13T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1529864/000095017025038626/0000950170-25-038626-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1529864/000095017025038626/enva-20250313.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-038626
- JSON: https://secwatch.observer/filing/0000950170-25-038626.json
- Plain text: https://secwatch.observer/filing/0000950170-25-038626.txt

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