Enova International Secures $150 Million Securitization Facility with Banc of California and Lenders

Reuters

07-18

Enova International Secures $150 Million Securitization Facility with Banc of California and Lenders

Enova International Inc., through its wholly-owned indirect subsidiary NetCredit LOC Receivables 2025, LLC, has entered into a significant loan and security agreement with Banc of California, acting as the administrative agent, and various lenders. This agreement, effective July 17, 2025, establishes a securitization facility with a total commitment amount of $150 million. The facility comprises Class A Revolving Loans amounting to $125 million and Class B Revolving Loans amounting to $25 million. The borrowing rates are set at SOFR plus 3.50% for Class A and SOFR plus 8.00% for Class B, with a total borrowing rate of SOFR plus 4.25%. The revolving period is set to terminate on July 17, 2027, with a maturity date of July 17, 2028. This agreement aims to provide Enova with enhanced financial flexibility and support its strategic financial objectives.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Enova International Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950170-25-096618), on July 17, 2025, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Enova International Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950170-25-096618), on July 17, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BANC","symbol_name":"BANC OF CALIFORNIA","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250717:nNDL4lJpD0:1","article_id":"2552431473","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2552431473","pubTimestamp":1752783669,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Enova International Inc., through its wholly-owned indirect subsidiary NetCredit LOC Receivables 2025, LLC, has entered into a significant loan and security agreement with Banc of California, acting as the administrative agent, and various lenders. 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