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Enova International Announces $261M Asset-Backed Notes Offering

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Enova International Announces $261M Asset-Backed Notes Offering

Enova International ( (ENVA) ) just unveiled an announcement.

On March 7, 2025, Enova International announced that its subsidiary, OnDeck Asset Securitization IV, LLC, plans to offer $261,392,000 in Series 2025-1 Fixed Rate Asset-Backed Notes through a private securitization transaction. The proceeds will be used to purchase small business loans from OnDeck, which will serve as collateral for the notes. The transaction, expected to close around March 20, 2025, aims to enhance OnDeck’s ability to support small businesses while not being guaranteed by Enova or OnDeck.

More about Enova International

Enova International, Inc. operates in the financial services industry, primarily focusing on providing online lending solutions. Its subsidiary, OnDeck, specializes in originating and purchasing small business loans, which are used as collateral in securitization transactions.

YTD Price Performance: -6.50%

Average Trading Volume: 251,204

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $2.29B

For a thorough assessment of ENVA stock, go to TipRanks’ Stock Analysis page.

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Questions or Comments about the article? Write to editor@tipranks.com
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