Enova plans $600 million senior unsecured debt offering
ENVA•Enova International plans a $600 million private offering of senior unsecured notes due 2031, subject to market conditions. It plans to use the proceeds to redeem its 11.25% notes due 2028, pay expenses and repay part of its revolving credit facility borrowings.
1. Planned debt offering
Enova International plans to offer $600 million of senior unsecured notes due 2031 in a private offering, subject to market conditions. If the offering is completed, the company plans to redeem all outstanding 11.25% senior notes due 2028 on December 15, 2026, cover transaction fees and expenses, and use remaining proceeds to repay part of its revolving credit facility borrowings.
