Enova proposes $261M securitization of small business loans with four tranches

Enova International, Inc.

Total $261.35M in Series 2024-2 Fixed Rate Asset-Backed Notes across four classes.
Class A: $141.68M at 4.98%, rated AA(sf); Class B: $56.95M at 5.42%, A-(sf).
Class C: $40.17M at 7.03%, BBB-(sf); Class D: $22.56M at 9.49%, BB(sf).
Expected close October 2, 2024; collateral is small business loans from OnDeck.
Notes are not obligations of or guaranteed by Enova; sole obligor is the issuer.

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