debt
confidence high
sentiment neutral
materiality 0.55
Enova subsidiary issues $261.4M asset-backed notes in Series 2025-2 securitization
Enova International, Inc.
- Initial principal $261.4M across four classes; weighted avg fixed coupon 5.65%.
- Class A $122.2M at 4.84%, Class B $58.8M at 5.23%, Class C $49.5M at 6.30%, Class D $31.0M at 8.58%.
- Revolving period ends Oct 2028; optional prepayment from Dec 2027; final maturity Nov 2032.
- Proceeds used to purchase small business loans from OnDeck; collateral pool ~$275M; Notes unregistered.