debt
confidence high
sentiment neutral
materiality 0.55
Enova prices $163.9M ABS notes at 7.29% backed by consumer loans
Enova International, Inc.
- Enova subsidiary NetCredit Combined Receivables A, LLC priced $163,866,000 of 2025-A Notes at 7.29% interest.
- Notes are backed by a pool of unsecured consumer installment loans (approx. $193M of receivables).
- Proceeds will acquire the receivables, fund a reserve account, and pay transaction fees; closing on or about May 30, 2025.
- Notes are not guaranteed by Enova; offered only to QIBs and non-US persons under Rule 144A/Reg S.