---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-141856"
form_type: "8-K"
ticker: "ENVA"
cik: "0001529864"
company_name: "Enova International, Inc."
filed_at: "2024-05-17T23:59:59+00:00"
generated_at: "2026-06-01T15:32:08.171252+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Enova closes $399.6M ABS notes (Series 2024-1) at 6.84% weighted avg coupon

## Summary
- Three classes issued: $260.1M Class A (6.27%), $82.2M Class B (7.15%), $57.3M Class C (8.99%).
- Proceeds used to purchase small business loans from subsidiary OnDeck; collateral pool ~$440M.
- Notes are non-recourse to Enova, bankruptcy-remote structure; rated by Kroll Bond Rating Agency.
- Revolving period ends May 2027; optional prepayment begins June 2026; final maturity July 2031.
- Performance covenants include delinquency rate, weighted average loan yield, and excess spread minimums.

## SEC filing metadata
- accession: 0001193125-24-141856
- form_type: 8-K
- ticker: ENVA
- cik: 0001529864
- company_name: Enova International, Inc.
- filed_at: 2024-05-17T23:59:59+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/1529864/000119312524141856/0001193125-24-141856-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1529864/000119312524141856/d833805d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-141856
- JSON: https://secwatch.observer/filing/0001193125-24-141856.json
- Plain text: https://secwatch.observer/filing/0001193125-24-141856.txt

## Key facts
- Material Agreements
  Enova International, Inc. entered into Series 2024-1 Indenture Supplement with Deutsche Bank Trust Company Americas valued at $399,574,000 initial principal amount (effective 2024-05-17).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Deutsche Bank Trust Company Americas
  - Value: $399,574,000 initial principal amount
  - Effective: 2024-05-17
  source text: On May 17, 2024, OnDeck Asset Securitization IV, LLC (“ ODAS IV ”), a wholly-owned indirect subsidiary of Enova International, Inc. (the “ Company ”), issued $399,574,000 initial principal amount of Fixed-Rate Asset Backed Notes (the “ Series 2024-1 Notes ”) in a securitization transaction (the “ Series 2024-1 Transaction ” and such series, the “ 2024-1 Series ” ).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1529864/000119312524141856/0001193125-24-141856-index.htm

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