Enova subsidiary issues $261M in asset-backed notes across four classes

Enova International, Inc.

Series 2025-1 Notes: $126.8M Class A (5.08%), $57.8M Class B (5.52%), $45.5M Class C (6.64%), $31.2M Class D (8.77%).
Weighted average fixed coupon 5.89% per annum; portfolio of pledged loans ~$275M.
Proceeds used to purchase small business loans from OnDeck for general corporate purposes.
Revolving period ends March 2028; final maturity April 2032; notes are bankruptcy-remote with no recourse to Enova.
Notes offered under Rule 144A/Reg S, not registered under Securities Act.

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