Enova International Inc. has announced a significant financial transaction involving its indirect subsidiary, NetCredit Combined Receivables A, LLC. On May 30, 2025, the subsidiary issued $163.87 million in aggregate principal notes, known as the 2025-A Notes, as part of a securitization transaction. This move is backed by a pool of approximately $193 million in unsecured consumer installment loans, serving as collateral. The notes, which are not guaranteed by Enova International, feature a fixed interest rate of 7.29% per annum and reach maturity on October 20, 2031. The issuance was conducted under Rule 144A and Regulation S, targeting qualified institutional buyers and foreign investors. Proceeds from the transaction will be used to acquire the securitization receivables and cover related costs. The arrangement is governed by an Indenture agreement with Citibank, N.A. acting in several trustee roles.
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