---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-402851"
form_type: "8-K"
ticker: "ENVA"
cik: "0001529864"
company_name: "Enova International, Inc."
filed_at: "2026-09-25T20:15:15+00:00"
generated_at: "2026-10-12T13:22:48.375125+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Enova unit ODAS IV issues $500M Series 2026-1 ABS notes at 6.22% weighted average coupon

## Summary
- OnDeck Asset Securitization IV issued $500,026,000 of Series 2026-1 notes on September 25, 2026, its sixth series, backed by a ~$526 million small business loan pool.
- Class A $235,275,000 at 5.61%; Class B $114,637,000 at 6.05%; Class C $94,742,000 at 6.73%; Class D $55,372,000 at 8.28%; weighted average coupon 6.22%.
- Revolving period ends September 2028; optional prepayment begins October 2027; final maturity October 2032 for all four classes.
- Proceeds bought small business loans from OnDeck, which acts as servicer; the ODAS IV structure is bankruptcy-remote with no direct recourse to Enova.
- Notes were placed privately under Rule 144A and Regulation S and were rated by Kroll Bond Rating Agency on the issue date.

## SEC filing metadata
- accession: 0001193125-26-402851
- form_type: 8-K
- ticker: ENVA
- cik: 0001529864
- company_name: Enova International, Inc.
- filed_at: 2026-09-25T20:15:15+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1529864/000119312526402851/0001193125-26-402851-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1529864/000119312526402851/enva-20260925.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-402851
- JSON: https://secwatch.observer/filing/0001193125-26-402851.json
- Plain text: https://secwatch.observer/filing/0001193125-26-402851.txt

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