Financing ·
Prices $600M of senior notes due 2031 at 8.75% to refinance 2028 debt
ENVAEnova International, Inc.
Enova International priced a private offering of $600 million in aggregate principal amount of senior notes due 2031. The notes carry an interest rate of 8.750% per annum and are guaranteed by existing and future domestic subsidiaries, excluding securitization entities. Proceeds will primarily fund the redemption of all outstanding 11.25% senior notes due 2028 on December 15, 2026, alongside paying offering fees and repaying revolving credit facility borrowings. The transaction is expected to close on November 20, 2026, subject to customary conditions. Enova International operates in the consumer finance industry, providing online lending products.