Financing ·
Enova International, Inc. announced that its subsidiary OnDeck Asset Securitization IV, LLC intends to offer…
ENVAEnova International, Inc.
Enova International, Inc. announced that its subsidiary OnDeck Asset Securitization IV, LLC intends to offer $500,026,000 in initial principal amount of Series 2026-1 Fixed Rate Asset-Backed Notes in a private securitization transaction. The offering includes Class A through D notes with fixed interest rates ranging from 5.61% to 8.28%, anticipated ratings from AA (sf) to BB (sf), and a final payment date of October 18, 2032. Proceeds will be used to purchase small business loans originated or purchased by OnDeck Capital, LLC, which serve as collateral for the notes. The transaction is expected to close on or about September 25, 2026, subject to customary conditions including credit ratings from Kroll Bond Rating Agency. Enova International operates in the consumer finance industry, providing online lending products such as short-term loans and lines of credit.