Enova proposes $261.4M asset-backed notes offering for small business loans

Enova International, Inc.

Enova's subsidiary OnDeck Asset Securitization IV, LLC plans to issue $261,434,000 in Series 2025-2 Fixed Rate Asset-Backed Notes.
Collateral will be a revolving pool of small business loans originated by ODK Capital, LLC (an Enova subsidiary).
Net proceeds will be used to purchase loans from OnDeck; Enova will use funds for general corporate purposes.
The notes are offered privately under Rule 144A and Regulation S; not registered under Securities Act.
Supplemental historic loan performance data (delinquencies, net charge-offs) furnished for potential investors.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.