Enova International, Inc. 8-K

What Happened
Enova International, via its indirect subsidiary OnDeck Receivables 2022, LLC (ODR 2022), announced on June 25, 2026 that it entered into Amendment No. 5 to the Credit Agreement for the ODR 2022 Securitization Facility with lenders and BMO Capital Markets Corp. as administrative and collateral agent. The Company acts as performance guarantor under the amended facility. The amendment covers a total revolving commitment of $420.0 million and will be filed in full as an exhibit to Enova’s Form 10‑Q for the quarter ended June 30, 2026.

Key Details

• Total facility commitment: $420,000,000 (Class A $338,000,000; Class B $82,000,000).
• Borrowing rates (weighted-average blended shown): Class A = CP Rate + 2.35%; Class B = SOFR + 7.50%; overall CP/SOFR blend ≈ +3.36%.
• Borrowing base advance rates: Class A 71.25%; Class B and total 88.75%.
• Revolving period end: June 2028; Maturity date: June 2029.
• Administrative/collateral agent: BMO Capital Markets Corp.; Enova is the performance guarantor.

Why It Matters
This amendment preserves and updates a key source of receivables financing for OnDeck’s lending operations and confirms Enova’s contractual guarantee of performance under the facility, creating a direct financial obligation for the Company. For investors, the agreement is relevant to Enova’s liquidity profile and contingent obligations — affecting available funding for originations and the company’s credit exposure. The full amended Credit Agreement will be available in the upcoming 10‑Q for additional specifics.