Enova International Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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CURRENT REPORT
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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.
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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
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.
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Enova International, Inc. |
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Date: |
October 15, 2024 |
By: |
/s/ Sean Rahilly |
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Sean Rahilly |