---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-196068"
form_type: "8-K"
ticker: "ENVA"
cik: "0001529864"
company_name: "Enova International, Inc."
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T00:25:35.971337+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Enova subsidiary issues $227.1M in asset-backed notes at 7.66% weighted average coupon

## Summary
- ODAS IV issued $227.1M Series 2023-1 Notes: Class A $143.8M at 7.00%, Class B $56.3M at 8.25%, Class C $27.0M at 9.93%.
- Weighted average fixed interest coupon 7.66% per annum; final maturity August 2030.
- Proceeds used to purchase small business loans from OnDeck subsidiary; initial collateral pool ~$250M.
- Revolving pool structure with revolving period ending July 2026; optional prepayment from August 2025.
- No direct recourse to Enova or OnDeck; transaction bankruptcy remote; notes offered under Rule 144A/Reg S.

## SEC filing metadata
- accession: 0001193125-23-196068
- form_type: 8-K
- ticker: ENVA
- cik: 0001529864
- company_name: Enova International, Inc.
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1529864/000119312523196068/0001193125-23-196068-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1529864/000119312523196068/d506855d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-196068
- JSON: https://secwatch.observer/filing/0001193125-23-196068.json
- Plain text: https://secwatch.observer/filing/0001193125-23-196068.txt

## Key facts
- Debt Financings
  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
  source text: 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 ” ).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1529864/000119312523196068/0001193125-23-196068-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1529864/000119312523196068/0001193125-23-196068-index.htm

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