debt
confidence high
sentiment neutral
materiality 0.60
Enova subsidiary amends existing $535M receivables facility
Enova International, Inc.
- Total facility commitments $535M: $400M Class A at SOFR+2.75%, $135M Class B at SOFR+8.50%.
- Revolving period ends March 2028; maturity March 2029; advance rates 65.5% (A) and 87.5% (B).
- Amendment involves lenders, backup servicer Vervent, Deutsche Bank Trust Company Americas as paying agent, Atlas Securitized Products as admin agent.