secwatch / observer
8-K filed July 27, 2023, 7:59 PM ET ticker ENVA CIK 0001529864
debt confidence high sentiment neutral materiality 0.50

Enova International, Inc. (ENVA): debt financing — Enova subsidiary issues $227.1M in asset-backed notes at 7.66% weighted average coupon

Enova International, Inc.

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. incurred senior notes of $227.1 million initial principal amount with Deutsche Bank Trust Company Americas at weighted average fixed interest coupon of 7.66% per annum maturing August 2030.

Instrument
senior notes
Principal
$227.1 million initial principal amount
Counterparty
Deutsche Bank Trust Company Americas
Rate
weighted average fixed interest coupon of 7.66% per annum
Maturity
August 2030
Event
incurrence
Exact text from the filing
On July 27, 2023, OnDeck Asset Securitization IV, LLC (“ ODAS IV ”), a wholly-owned indirect subsidiary of Enova International, Inc. (the “ Company ”), issued $227.1 million initial principal amount of Fixed-Rate Asset Backed Notes (the “ Series 2023-1 Notes ”) in a securitization transaction (the “ Series 2023-1 Transaction ” and such series, the “ 2023-1 Series ” ).
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Enova International, Inc. entered into Base Indenture and Series 2023-1 Indenture Supplement with Deutsche Bank Trust Company Americas valued at $227.1 million initial principal amount of Fixed-Rate Asset Backed Notes (effective 2023-07-27).

Action
entry
Agreement
notes offering
Counterparty
Deutsche Bank Trust Company Americas
Value
$227.1 million initial principal amount of Fixed-Rate Asset Backed Notes
Effective
2023-07-27
Exact text from the filing
The Series 2023-1 Notes were issued pursuant to the Base Indenture dated as of July 27, 2023 (the “ Base Indenture ”), as supplemented by the Series 2023-1 Indenture Supplement, dated as of July 27, 2023 (the “ Series 2023-1 Indenture Supplement ” and together with the Base Indenture, the “ Indenture ”), by and between ODAS IV and Deutsche Bank Trust Company Americas, as Indenture Trustee.
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Enova International, Inc. filing history →

Source: SEC EDGAR
accession 0001193125-23-196068
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