Enova subsidiary proposes $261M asset-backed notes securitization

Enova International, Inc.

OnDeck Asset Securitization IV, LLC plans to offer $261,434,000 in Series 2025-2 Fixed Rate Asset-Backed Notes.
Notes include four classes: A ($122M, 4.84%), B ($58.8M, 5.23%), C ($49.5M, 6.30%), D ($31M, 8.58%).
Expected KBRA ratings: AA(sf) for Class A, A-(sf) for B, BBB-(sf) for C, BB(sf) for D.
Closing anticipated on or about November 13, 2025; proceeds to purchase small business loans and fund reserve.
Notes are obligations of the issuer only, not guaranteed by Enova or OnDeck.

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