secwatch.observer — SEC 8-K summary
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Issuer:     Enova International, Inc. (ENVA)
CIK:        0001529864
Form:       8-K
Filed at:   2025-03-20T23:59:59+00:00
Accession:  0000950170-25-042685
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529864/000095017025042685/0000950170-25-042685-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529864/000095017025042685/enva-20250320.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-042685

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