secwatch.observer — SEC 8-K summary
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Issuer:     Enova International, Inc. (ENVA)
CIK:        0001529864
Form:       8-K
Filed at:   2025-11-05T23:59:59+00:00
Accession:  0001193125-25-267254
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529864/000119312525267254/0001193125-25-267254-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529864/000119312525267254/enva-20251105.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-267254

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