Loan & DebtJun 25, 2026, 05:12 PM
Enova International Amends ODR 2022 Securitization Facility to $420M
AI Summary
Enova International, Inc.'s indirect subsidiary, OnDeck Receivables 2022, LLC, amended its ODR 2022 Securitization Facility. The amendment increases the total commitment amount to $420,000,000. This facility includes Class A Revolving Loans of $338,000,000 and Class B Revolving Loans of $82,000,000, with varying borrowing rates. The revolving period now extends to June 2028, and the maturity date is set for June 2029.
Key Highlights
- ODR 2022 Securitization Facility amended by Enova International's subsidiary.
- Total facility commitment increased to $420,000,000.
- Class A Revolving Loans commitment is $338,000,000 at CP Rate + 2.35%.
- Class B Revolving Loans commitment is $82,000,000 at SOFR + 7.50%.
- The weighted-average blended borrowing rate is CP/SOFR + 3.36%.
- The revolving period ends in June 2028.
- The maturity date for the facility is June 2029.
Price Impact
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