Enova ups NetCredit LOC 2024 revolving facility to $300 million, cuts rate to SOFR+5% - ENVA News | RalliesEnova ups NetCredit LOC 2024 revolving facility to $300 million, cuts rate to SOFR+5%
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ENVA• Amended credit facility terms
- Enova amended its NC LOC 2024 Facility, lifting the revolving commitment to $300 million from $200 million.
- The revolving period was extended to Feb. 21, 2029 from Feb. 21, 2027; maturity was pushed to Feb. 21, 2030 from Feb. 21, 2028.
- The borrowing rate was cut to SOFR + 5% from SOFR + 5.5%.
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