Enova International Inc. Secures $163.9 Million Financing in New Securitization Agreement with Citibank, N.A

Reuters
05-31
Enova International Inc. Secures $163.9 Million Financing in New Securitization Agreement with Citibank, N.A

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.

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: 0000950170-25-079747), on May 30, 2025, and is solely responsible for the information contained therein.

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