Enova unit NetCredit Combined Receivables issues USD 300.89 million securitization notes backed by consumer loans
ENVA•Enova unit issues securitization notes backed by consumer loans
Enova unit NetCredit Combined Receivables B issued USD 300.89 million of 2026-A Notes in an ENVA 2026-A securitization.
The deal is backed by about USD 316.72 million of unsecured consumer installment loans pledged as collateral.
The notes are split into:
- Class A: USD 240.71 million at 5.88%
- Class B: USD 44.34 million at 7.68%
- Class C: USD 15.84 million at 10.64%
Proceeds are earmarked to buy the receivables from affiliates, fund a reserve account and pay transaction fees.
Final maturity is set for Sept. 20, 2032. The notes are issuer-only obligations with no company guarantee.
