---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-267254"
form_type: "8-K"
ticker: "ENVA"
cik: "0001529864"
company_name: "Enova International, Inc."
filed_at: "2025-11-05T23:59:59+00:00"
generated_at: "2026-05-17T00:16:00.611862+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Enova subsidiary proposes $261M asset-backed notes securitization

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-267254
- form_type: 8-K
- ticker: ENVA
- cik: 0001529864
- company_name: Enova International, Inc.
- filed_at: 2025-11-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1529864/000119312525267254/0001193125-25-267254-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1529864/000119312525267254/enva-20251105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-267254
- JSON: https://secwatch.observer/filing/0001193125-25-267254.json
- Plain text: https://secwatch.observer/filing/0001193125-25-267254.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.