---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-280232"
form_type: "8-K"
ticker: "ENVA"
cik: "0001529864"
company_name: "Enova International, Inc."
filed_at: "2025-11-13T23:59:59+00:00"
generated_at: "2026-05-16T20:20:22.497500+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Enova subsidiary issues $261.4M asset-backed notes in Series 2025-2 securitization

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-280232
- form_type: 8-K
- ticker: ENVA
- cik: 0001529864
- company_name: Enova International, Inc.
- filed_at: 2025-11-13T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1529864/000119312525280232/0001193125-25-280232-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1529864/000119312525280232/enva-20251113.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-280232
- JSON: https://secwatch.observer/filing/0001193125-25-280232.json
- Plain text: https://secwatch.observer/filing/0001193125-25-280232.txt

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