Enova International Inc. priced its $200 million initial principal amount of fixed-rate asset-backed notes in a private securitization transaction backed by NetCredit installment loans.
The notes include $138.8 million of class A notes, $44.5 million of class B notes and $16.7 million of class C notes, and were priced at a weighted average fixed interest rate of 5.61% per annum.
The notes have a final payment date of June 22, 2026.
Jefferies LLC was the sole bookrunner for the transaction, which is scheduled to close Oct. 17.
