---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-096618"
form_type: "8-K"
ticker: "ENVA"
cik: "0001529864"
company_name: "Enova International, Inc."
filed_at: "2025-07-17T23:59:59+00:00"
generated_at: "2026-05-18T05:57:26.774933+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Enova subsidiary enters $150M securitization facility with Banc of California

## Summary
- NetCredit LOC Receivables 2025, LLC signed $150M Loan & Security Agreement with Banc of California as admin agent.
- Facility includes $125M Class A at SOFR+3.50% and $25M Class B at SOFR+8.00%; blended rate SOFR+4.25%.
- Borrowing base advance rates: 75% for Class A, 90% for Class B (overall 90% of eligible receivables).
- Revolving period ends July 17, 2027; final maturity July 17, 2028.

## SEC filing metadata
- accession: 0000950170-25-096618
- form_type: 8-K
- ticker: ENVA
- cik: 0001529864
- company_name: Enova International, Inc.
- filed_at: 2025-07-17T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1529864/000095017025096618/0000950170-25-096618-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1529864/000095017025096618/enva-20250717.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-096618
- JSON: https://secwatch.observer/filing/0000950170-25-096618.json
- Plain text: https://secwatch.observer/filing/0000950170-25-096618.txt

## Key facts
- Debt Financings
  Enova International, Inc. incurred credit facility of $150,000,000 with Banc of California at SOFR + 4.25% maturing July 17, 2028.
  - Instrument: credit facility
  - Principal: $150,000,000
  - Counterparty: Banc of California
  - Rate: SOFR + 4.25%
  - Maturity: July 17, 2028
  - Event: incurrence
  source text: table summarizes certain aspects of the Loan and Security Agreement: Class A Revolving Loans Class B Revolving Loans Total Facility Commitment Amount $125,000,000 $25,000,000 $150,000,000 Borrowing Rate SOFR + 3.50% SOFR + 8.00% SOFR + 4.25% Borrowing Base Advance Rate 75.0% 90.0% 90.0% Revolving Period Termination July 17, 2027 July 17, 2027 July 17, 2027 Maturity
  evidence_url: https://www.sec.gov/Archives/edgar/data/1529864/000095017025096618/0000950170-25-096618-index.htm

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