Enova’s NetCredit unit enters $125 million note purchase agreement

By Wendy Van Sickle

Columbus, Ohio, Oct. 26 – Enova International, Inc. subsidiary NetCredit Receivables 2022, LLC entered into a note purchase agreement on Oct. 21 with Jefferies Funding LLC as administrative agent and initial note purchaser, according to an 8-K filing with the Securities and Exchange Commission.

The commitment amount is $125 million, and the borrowing rate is SOFR plus 475 basis points. The revolving period terminates on Oct. 21, 2024, and the maturity date is Oct. 21, 2026.

Enova is an online financial services provider based in Chicago.

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