Enova International Enters Material Definitive Agreement

TL;DR

Enova just signed a big deal, expect financial moves.

AI Summary

On October 15, 2024, Enova International, Inc. entered into a material definitive agreement related to a direct financial obligation. The company, headquartered at 175 West Jackson Boulevard, Chicago, IL, is involved in personal credit institutions.

Why It Matters

This filing indicates a significant new financial commitment or obligation for Enova International, Inc., which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements can introduce new financial obligations or strategic shifts that carry inherent risks.

Key Players & Entities

• Enova International, Inc. (company) — Registrant
• October 15, 2024 (date) — Date of earliest event reported
• 175 West Jackson Boulevard, Chicago, IL 60604 (address) — Principal Executive Offices

FAQ

Key Financial Figures

• $200,000,000 B — t. Note Funding Commitment Amount $200,000,000 Borrowing Rate SOFR + 4.25% Funding R

Filing Documents

• enva-20241015.htm (8-K) — 42KB
• 0000950170-24-114689.txt ( ) — 149KB
• enva-20241015.xsd (EX-101.SCH) — 23KB
• enva-20241015_htm.xml (XML) — 4KB

01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT NetCredit 2022 – Second Amendment to Note Issuance and Purchase Agreement On October 15, 2024, NetCredit Receivables 2022, LLC (" NetCredit 2022 "), a wholly-owned indirect subsidiary of Enova International, Inc. (the " Company "), amended that certain Note Issuance and Purchase Agreement (the " Note Issuance and Purchase Agreement "), dated October 21, 2022, by entering into that certain Second Amendment to Note Issuance and Purchase Agreement (the " Second Amendment ") with Jefferies Funding LLC, as administrative agent and initial note purchaser, Citibank, N.A., as collateral agent and paying agent, and the note purchasers from time to time party thereto. The following table summarizes certain key terms of the Note Issuance and Purchase Agreement, as amended by the Second Amendment. Note Funding Commitment Amount $200,000,000 Borrowing Rate SOFR + 4.25% Funding Rate 85% Revolving Period Termination October 15, 2026 Maturity Date October 15, 2028 The foregoing description of the amended Note Issuance and Purchase Agreement does not purport to be complete and is qualified in its entirety by reference to the Note Issuance and Purchase Agreement, as amended by the Second Amendment, that will be filed as an exhibit to the Company's Annual Report on Form 10-K for the fiscal year ending December 31, 2024. ITEM 2.03 CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT The information provided in Item 1.01 above is incorporated herein by reference.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Enova International, Inc. Date: October 15, 2024 By: /s/ Sean Rahilly Sean Rahilly General Counsel & Secretary

View Full Filing

View this 8-K filing on SEC EDGAR