Enova International Inc
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
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Item 9B. Other Information
Insider Adoption or Termination of Trading Arrangements
During the quarter ended December 31, 2023, none of our directors or Section 16 officers adopted, modifiedor terminateda “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as those terms are defined in Regulation S-K, Item 408.
NetCredit LOC Receivables 2024 Securitization Facility
On February 21, 2024, NetCredit LOC Receivables 2024, LLC, a wholly-owned indirect subsidiary of Enova International, Inc. (the “Company”), entered into that certain Note Issuance and Purchase Agreement (the “Note Issuance and Purchase Agreement”) with Midtown Madison Management LLC, as administrative agent, Citibank, N.A., as collateral trustee and paying agent, and the note purchasers from time to time party thereto.
The following table summarizes certain key terms of the Note Issuance and Purchase Agreement.
| Note Funding | |
|---|---|
| Commitment Amount | $150,000,000.00 |
| Borrowing Rate | SOFR + 5.50% |
| Funding Rate | 85% |
| Revolving Period Termination | February 21, 2027 |
| Maturity Date | February 21, 2028 |
The foregoing description of the Note Issuance and Purchase Agreement does not purport to be complete and is subject to and qualified in its entirety by reference to the Note Issuance and Purchase Agreement that will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ending March 31, 2024.
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