Enova International, Inc. (ENVA): debt financing — Enova increases credit facility to $825M, extends maturity, reduces rate

Enova International, Inc.

Total commitment raised from $665M to $825M.
Maturity extended from June 30, 2026 to August 28, 2029.
Interest rate reduced: base rate +0.50% (from 0.75%) and SOFR +3.25% (from 3.50%).
Same financial maintenance covenants retained: minimum fixed charge coverage and max leverage ratios.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Enova International, Inc. amended revolving credit of $825,000,000 with Bank of Montreal at base rate plus 0.50% and from the SOFR rate plus 3.50% to the SOFR rate plus 3.2 maturing August 28, 2029.

Instrument: revolving credit
Principal: $825,000,000
Counterparty: Bank of Montreal
Rate: base rate plus 0.50% and from the SOFR rate plus 3.50% to the SOFR rate plus 3.2
Maturity: August 28, 2029
Event: amendment

Exact text from the filing

the Third Amendment increases the total commitment amount from $665,000,000 to $825,000,000, extends the maturity date from June 30, 2026 to August 28, 2029 and reduces the interest rate, as applicable, from the base rate plus 0.75% to the base rate plus 0.50% and from the SOFR rate plus 3.50% to the SOFR rate plus 3.25%

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Enova International, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-25-112478

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