Nov 6, 4:20 PM ET
Enova International said subsidiary OnDeck Asset Securitization IV, LLC intends to offer $500,251,000 of Series 2026-2 fixed rate asset-backed notes in a private securitization backed by small business loans originated or purchased by its subsidiary ODK Capital, LLC. Closing is anticipated on or about November 13, 2026, subject to market and customary conditions, so the offering may not be completed as contemplated or at all. The notes will not be obligations of or guaranteed by Enova or OnDeck, and OnDeck expects to use substantially all proceeds for loan purchases from affiliates and general corporate purposes.
- Four classes total $500,251,000: Class A $190,095,000 at 5.81%, Class B $118,744,000 at 6.15%, Class C $100,050,000 at 6.73%, Class D $91,362,000 at 8.57%.
- Anticipated Kroll Bond Rating Agency ratings range from AA (sf) for Class A to BB- (sf) for Class D.
- Notes are offered only to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S, and are not registered under the Securities Act.
- Legal final payment date is December 19, 2033; the company announced the offering on November 3, 2026.
Read the filing on SEC.gov ↗
Nov 5, 4:20 PM ET
Enova International priced a private offering of $600 million in senior notes due 2031 at par, bearing 8.750% annual interest, with closing expected November 20, 2026. The company plans to use the proceeds to redeem all of its 11.25% senior notes due 2028 on December 15, 2026, pay offering fees, and repay part of its revolving credit facility borrowings, which refinances higher-rate debt for shareholders to watch.
- Offering size: $600 million aggregate principal amount of senior notes due 2031, priced at 100.000% of principal
- Interest rate: 8.750% per annum; notes are senior unsecured and guaranteed by domestic subsidiaries
- Expected closing: November 20, 2026, subject to customary conditions
- Use of proceeds: redeem all 11.25% senior notes due 2028 on December 15, 2026, and repay part of revolver borrowings
Read the filing on SEC.gov ↗
Nov 4, 10:38 AM ET
Enova International announced a proposed offering of up to $600 million in senior notes due 2031 and a conditional full redemption of its outstanding 11.25% senior notes due 2028, which total about $400 million. The redemption is conditioned on receiving proceeds from new financing and is set for December 15, 2026, at 102.813% of principal plus accrued interest. The filing does not report earnings or guidance, so the effect on shareholders depends on how the refinancing is completed.
- Proposed offering of up to $600 million in senior unsecured notes due 2031, subject to market conditions
- Conditional full redemption of about $400 million of 11.25% senior notes due 2028 on December 15, 2026
- Redemption price is 102.813% of principal plus accrued and unpaid interest
- Company may delay or rescind the redemption if financing conditions are not met by the redemption date
Read the filing on SEC.gov ↗
Nov 3, 4:38 PM ET
Enova International furnished a Form 8-K disclosing a proposed private offering of $500,251,000 in Series 2026-2 fixed rate asset-backed notes by subsidiary OnDeck Asset Securitization IV, LLC, backed by small business loans from OnDeck. The filing also furnishes supplemental historical loan performance data made available to potential note purchasers, and the notes will not be obligations of or guaranteed by Enova or OnDeck, so shareholders' direct exposure is limited to the terms and completion of the offering.
- Proposed offering of $500,251,000 aggregate principal amount of Series 2026-2 Fixed Rate Asset-Backed Notes by OnDeck Asset Securitization IV, LLC
- Issuer is sole obligor; notes are not obligations of, or guaranteed by, Enova or OnDeck
- Notes offered only to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S; terms and timing depend on market conditions
- Supplemental data was made available to potential purchasers on November 3, 2026, covering term loans and lines of credit with original terms of 24 months or less and minimum loan yields of at least 10%
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.