ENVA•Enova International’s OnDeck Asset Securitization IV plans a private offering of $500.25 million in fixed-rate asset-backed notes, with annual rates ranging from 5.81% to 8.57%. Closing is expected around November 13, 2026, subject to customary conditions.
OnDeck Asset Securitization IV plans to privately offer $500.25 million of Series 2026-2 Fixed Rate Asset-Backed Notes. Annual interest rates range from 5.81% for Class A notes to 8.57% for Class D notes.
Net proceeds will fund purchases of small business loans from OnDeck for collateral and a reserve account. Closing is expected around November 13, 2026, subject to customary conditions; the notes’ legal final payment date is December 19, 2033.
