secwatch.observer — SEC 8-K summary
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Issuer:     Enova International, Inc. (ENVA)
CIK:        0001529864
Form:       8-K
Filed at:   2026-09-25T20:15:15+00:00
Accession:  0001193125-26-402851
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529864/000119312526402851/0001193125-26-402851-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529864/000119312526402851/enva-20260925.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-402851

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