debt
confidence high
sentiment neutral
materiality 0.55
Enova prices $500M senior notes at 9.125% due 2029, upsized from $400M
Enova International, Inc.
- $500M aggregate principal, 9.125% interest, priced at 100% of par.
- Upsized from originally announced $400 million offering.
- Proceeds for tender offer of 2025 notes, redemption of remaining 2025 notes, revolver repayment, and general corporate purposes.
- Expected closing August 12, 2024, subject to customary conditions.
- Offered only to qualified institutional buyers and non-U.S. persons under Rule 144A/Reg S; not registered.