Enova International Subsidiary Issues $261 Million in Asset-Backed Notes for Small Business Loan Securitization

Reuters11-14

Enova International Subsidiary Issues $261 Million in Asset-Backed Notes for <a href="https://laohu8.com/S/SBDG">Small Business</a> Loan Securitization

Enova International Inc. announced that its wholly-owned indirect subsidiary, OnDeck Asset Securitization IV, LLC (ODAS IV), has issued $261.4 million in Fixed-Rate Asset Backed Notes through a securitization transaction. The proceeds from this transaction were used to purchase small business loans from another Enova subsidiary, ODK Capital, LLC, and these loans will serve as collateral for the notes. The Series 2025-2 Notes, issued in four classes and rated by Kroll Bond Rating Agency, carry a weighted average fixed interest coupon of 5.65% per annum. The transaction is structured to be bankruptcy remote and does not involve recourse to Enova or OnDeck. The notes were offered only to qualified institutional buyers and certain non-U.S. persons.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Enova International Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-280232), on November 13, 2025, and is solely responsible for the information contained therein.

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