secwatch.observer — SEC 8-K summary
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Issuer:     Enova International, Inc. (ENVA)
CIK:        0001529864
Form:       8-K
Filed at:   2026-09-15T21:21:27+00:00
Accession:  0001193125-26-392151
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Enova offers $500M ABS notes backed by OnDeck small business loans
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- $500,026,000 Series 2026-1 fixed-rate ABS notes; Class A 5.61% to Class D 8.28%; closing expected Sept 25, 2026.
- Notes rated by KBRA: Class A AA(sf), B A-(sf), C BBB-(sf), D BB(sf); collateral: OnDeck small business loans.
- Proceeds purchase small business loans from OnDeck and fund reserve account; OnDeck remains servicer.
- Term loan annualized net charge-off rate 10.94% as of 7/31/2026; line of credit rate 12.01%.
- Term loans 60+ DPD $69.8M (4.0% of UPB) at 7/31/2026 vs $64.6M at 12/31/2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529864/000119312526392151/0001193125-26-392151-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529864/000119312526392151/enva-20260915.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-392151

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