debt
confidence high
sentiment neutral
materiality 0.55
Enova subsidiary issues $163.9M in securitization notes at 7.29% coupon, due 2031
Enova International, Inc.
- Issued $163.9M Class A notes, fixed 7.29% coupon, final maturity Oct 20, 2031.
- Collateral pool of ~$193M unsecured consumer installment loans pledged.
- Net proceeds used to acquire receivables from subsidiaries, fund reserve, pay fees.
- Notes are obligations of issuer only, not guaranteed by Enova International.
- Notes offered under Rule 144A/Reg S, not registered under Securities Act.
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