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Enova International ups credit facility's borrowing limit

Enova International Inc. and some of its subsidiaries on Oct. 5 made changes to the asset-backed secured revolving credit agreement that they entered into with a syndicate of banks.

The amendment increased the borrowing limit of the credit facility to $125 million from $75 million. The maturity date of May 1, 2020, and the interest rate on borrowings of prime rate plus 1.00% remain the same.

Axos Bank, as lender, joins the syndicate of lenders from the original credit facility that includes TBK Bank SSB as administrative agent and collateral agent, Jefferies Finance LLC and TBK as joint lead arrangers and joint lead book runners, and Green Bank NA and Pacific Western Bank as lenders.