Enova closes $261.4M securitization of small business loans at 5.78% weighted average coupon

Enova International, Inc.

Issued $261.353M Series 2024-2 Notes in four classes (A-D) with fixed rates from 4.98% to 9.49%.
Weighted average fixed interest coupon of 5.78% per annum; proceeds used to purchase small business loans.
Collateral pool of ~$275M in small business loans; revolving period ends Sept 2027, final maturity Oct 2031.
Notes are bankruptcy-remote with no recourse to Enova or OnDeck; rated by Kroll Bond Rating Agency.
Issued under Base Indenture dated July 2023 with Deutsche Bank Trust Company Americas as trustee.

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