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 ↗
Oct 30, 4:20 PM ET
Enova International and certain subsidiaries amended their secured asset-backed revolving credit facility with Bank of Montreal as administrative agent through a Fourth Amendment dated October 30, 2026. The amendment increases the total commitment from $825 million to $900 million, giving the company $75 million more in committed borrowing capacity under the facility.
- Total commitment under the revolving credit facility increases from $825 million to $900 million
- Amendment dated October 30, 2026, is the Fourth Amendment to the Amended and Restated Credit Agreement
- Bank of Montreal serves as administrative agent and collateral agent
- Full agreement will be filed as an exhibit to the Form 10-K for the year ending December 31, 2026
Read the filing on SEC.gov ↗
Oct 22, 4:16 PM ET
Enova International reported third quarter 2026 results for the period ended September 30, 2026. Revenue of $1.01 billion and diluted earnings per share of $4.06 both rose sharply from the third quarter of 2025, and the company repurchased $46 million of common stock during the quarter.
- Total revenue of $1.01 billion, up 26% from $803 million in Q3 2025
- Net income of $107 million, or $4.06 per diluted share, up from $3.03 per diluted share
- Net charge-off ratio of 8.1%, down from 8.5% in Q3 2025
- Repurchased $46 million of common stock and began Q4 with $252 million of share repurchase capacity
Read the filing on SEC.gov ↗
Oct 16, 5:25 PM ET
Enova International and Grasshopper Bancorp mutually terminated their December 2025 merger agreement on October 16, 2026. Enova made a $4,000,000 cash payment to Grasshopper, and neither party owes other fees or liabilities related to the agreement.
- Merger agreement dated December 10, 2025, amended December 18, 2025, is now terminated effective October 16, 2026
- Enova paid Grasshopper a $4,000,000 cash payment under the Mutual Termination Agreement and Release
- No other fees or liabilities are owed by either party related to the merger agreement
- Termination agreement is filed as Exhibit 10.1; General Counsel Sean Rahilly signed the report
Read the filing on SEC.gov ↗
Oct 13, 4:20 PM ET
On October 13, 2026, Enova International's subsidiary NetCredit Receivables 2022, LLC entered into a Fourth Amendment to its Note Issuance and Purchase Agreement with Jefferies Funding LLC and others. The amended facility has a $200 million commitment amount, priced at SOFR plus 4.00%, and a maturity date of October 15, 2030, which sets the financing terms for the subsidiary's borrowing capacity.
- Commitment amount under the amended agreement is $200,000,000.
- Borrowing rate is SOFR plus 4.00%; funding rate is 90%.
- Revolving period terminates October 15, 2028; maturity date is October 15, 2030.
- Jefferies Funding LLC is administrative agent; Citibank, N.A. is collateral agent and paying agent.
Read the filing on SEC.gov ↗
Sep 25, 4:15 PM ET
Enova's indirect subsidiary ODAS IV issued $500,026,000 of Series 2026-1 Fixed Rate Asset Backed Notes on September 25, 2026, secured by a pool of small business loans from OnDeck, another Enova subsidiary. OnDeck used substantially all the proceeds for loan purchases from its affiliates and for general corporate purposes. The filing does not address earnings, and the notes are non-recourse to Enova and OnDeck, so the direct effect on shareholders is not stated.
- Series 2026-1 Notes were issued in four classes (A through D) with a weighted average fixed coupon of 6.22% per annum.
- Class A is $235,275,000 at 5.61%; Class D is $55,372,000 at 8.28%.
- Revolving period ends September 2028; final maturity is October 2032; optional prepayment begins October 2027.
- Loan pool was approximately $526 million at issuance; Deutsche Bank Trust Company Americas is indenture trustee and Kroll Bond Rating Agency rated the notes.
Read the filing on SEC.gov ↗
Sep 17, 4:15 PM ET
Enova International's subsidiary HWC Receivables 2023, LLC amended its existing revolving receivables facility on September 17, 2026, through an Omnibus Amendment with lenders and other parties. The filing lists a total facility commitment of $535 million, with Class A and Class B revolving loans carrying adjusted SOFR-based borrowing rates and a maturity date of March 2029. The filing does not compare these terms with the prior facility, so the effect on shareholders is not stated.
- Total facility commitment is $535 million: $400 million Class A and $135 million Class B revolving loans
- Borrowing rates are SOFR + 2.75% for Class A, SOFR + 8.50% for Class B, and SOFR + 4.20% total
- Revolving period ends March 2028; maturity date is March 2029
- Full Credit Agreement, as amended, will be filed with the Form 10-Q for the quarter ending September 30, 2026
Read the filing on SEC.gov ↗
Aug 21, 4:16 PM ET
Enova's subsidiary NetCredit Combined Receivables B, LLC issued $300,886,000 in 2026-A Notes on August 21, 2026, secured by about $316.72 million of unsecured consumer installment loans. The notes carry fixed coupons from 5.88% to 10.64% and mature September 20, 2032, and are obligations of the issuer only, not guaranteed by Enova. The filing describes a debt financing, and it does not state any effect on Enova's earnings or guidance.
- Issued $300,886,000 of notes: $240,709,000 Class A, $44,341,000 Class B, $15,836,000 Class C
- Fixed coupons: Class A 5.88%, Class B 7.68%, Class C 10.64% per annum
- Final maturity September 20, 2032; indenture trustee is Citibank, N.A.
- Notes are not guaranteed by Enova and were sold only to qualified institutional buyers and non-U.S. persons
Read the filing on SEC.gov ↗
Aug 14, 4:16 PM ET
Enova subsidiary NetCredit LOC Receivables 2024 amended its credit facility, raising the revolving commitment from $200 million to $300 million, extending the revolving period to February 21, 2029, extending maturity to February 21, 2030, and lowering the borrowing rate from SOFR + 5.50% to SOFR + 5.00%. Separately, an indirect subsidiary priced $300,886,000 of 2026-A Notes backed by unsecured consumer installment loans, with closing expected on or about August 21, 2026; the notes are not guaranteed by Enova.
- Revolving commitment increases from $200 million to $300 million, with the revolving period extended to February 21, 2029.
- Borrowing rate decreases from SOFR + 5.50% to SOFR + 5.00%; maturity extended from February 21, 2028 to February 21, 2030.
- 2026-A Notes total $300,886,000: Class A $240,709,000 at 5.88%, Class B $44,341,000 at 7.68%, Class C $15,836,000 at 10.64%.
- Notes are priced subject to market conditions, with anticipated closing on or about August 21, 2026; they are offered only to qualified institutional buyers and certain non-U.S. persons.
Read the filing on SEC.gov ↗
Jul 23, 4:16 PM ET
Enova International reported second quarter 2026 results on July 23, 2026, with total revenue of $929 million, up 22% from a year earlier, and diluted earnings per share of $4.00, up 40%. The CFO said the company is raising its outlook for the year, though the filing does not give new guidance figures. The company also said its planned acquisition of Grasshopper Bank remains under regulatory review, with closing expected later this year.
- Total revenue of $929 million, up 22% from $764 million in Q2 2025.
- Net income of $105 million, or $4.00 per diluted share, versus $2.86 per diluted share a year earlier.
- Adjusted earnings per share of $4.31, up 33% from $3.23 in Q2 2025.
- CFO Scott Cornelis said the company is raising its outlook for the year; the Grasshopper Bank deal awaits regulatory approval.
Read the filing on SEC.gov ↗
Jul 10, 4:16 PM ET
Enova International said Maria Veltre joined its Board of Directors effective July 10, 2026, and that directors William M. Goodyear and Mark McGowan resigned the same day, with the Board reducing its size to ten directors. The filing states the resignations were not due to any disagreement with the company, and both had served on the Audit Committee, so the change affects board and committee composition rather than financial results.
- Maria Veltre elected to the Board effective July 10, 2026; she will stand for re-election at the 2027 Annual Meeting.
- William M. Goodyear and Mark McGowan resigned as directors effective immediately; both were Audit Committee members.
- Board reduced to ten directors; the company says the resignations were not related to any disagreement.
- Veltre will receive a pro rata share of director compensation disclosed in the April 2, 2026 proxy statement.
Read the filing on SEC.gov ↗
Jun 25, 5:08 PM ET
Enova's subsidiary OnDeck Receivables 2022 amended its revolving receivables facility on June 25, 2026, with BMO Capital Markets Corp. as administrative and collateral agent. The total facility commitment is $420 million, with a revolving period ending June 2028 and maturity in June 2029. The filing covers a financing arrangement and does not report any change in earnings or guidance.
- Total facility commitment of $420 million: $338 million Class A and $82 million Class B revolving loans
- Class A borrowing rate of CP Rate plus 2.35%; Class B borrowing rate of SOFR plus 7.50%
- Revolving period ends June 2028; maturity date is June 2029
- Full Credit Agreement, as amended, to be filed with the 10-Q for the quarter ending June 30, 2026
Read the filing on SEC.gov ↗
Apr 23, 4:16 PM ET
Enova International reported first quarter 2026 results for the three months ended March 31, 2026, with total revenue of $875 million, up 17% from $746 million a year earlier, and net income of $91 million, or $3.46 per diluted share, up from $2.69. The company said it expects the acquisition of Grasshopper Bank to close in the second half of 2026, pending the regulatory review process.
- Total revenue of $875 million, up 17% from $746 million in Q1 2025
- Net income of $91 million, or $3.46 per diluted share, vs. $2.69 in Q1 2025
- Net charge-off ratio of 7.6%, down from 8.6% a year earlier
- Grasshopper Bank acquisition expected to close in the second half of 2026
Read the filing on SEC.gov ↗
Apr 1, 4:20 PM ET
Enova International's subsidiaries amended four receivables-backed credit facilities on March 30 and 31, 2026, increasing revolving commitments on each. The filing states the changes in commitment amounts and does not describe any new borrowing or its terms beyond those amounts, so the filing shows expanded borrowing capacity rather than a drawn amount.
- RAOD Facility Twelfth Amendment, dated March 30, 2026: Class A revolving commitment rises from $200 million to $300 million; Class B rises to $55,263,157.89 from $36,842,105.26
- NCR 2022 Facility Third Amendment, dated March 30, 2026: revolving commitment rises from $200 million to $275 million
- NC LOC 2024 Facility Second Amendment, dated March 30, 2026: revolving commitment rises from $150 million to $200 million
- Headway Facility Amendment No. 2, dated March 31, 2026: Class A commitment rises from $365 million to $465 million; Class B rises to $156,183,000 from $122,595,000
Read the filing on SEC.gov ↗
Jan 27, 4:16 PM ET
Enova International reported fourth quarter 2025 results on January 27, 2026, with total revenue of $839 million, up 15% from a year earlier, and net income of $79 million, or $3.00 per diluted share, up from $2.30. Full-year 2025 net income rose 47% to $308 million, and the company repurchased $35 million of its stock in the quarter, while also noting a pending acquisition of Grasshopper Bancorp expected to close in the second half of 2026.
- Q4 2025 total revenue $839 million, up 15% from $730 million; originations rose 32%
- Q4 2025 diluted EPS $3.00 vs. $2.30 a year earlier; adjusted EPS $3.46 vs. $2.61
- Full-year 2025 net income $308 million, or $11.52 per diluted share, up from $7.43
- Share repurchases of $35 million in the quarter; Grasshopper Bancorp deal expected to close in second half of 2026
Read the filing on SEC.gov ↗
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