UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (Date of Earliest Event Reported):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On September 15, 2021, EFR 2018-1, LLC (“EFR 2018-1”), a wholly-owned indirect subsidiary of Enova International, Inc. (the “Company”), amended its existing revolving receivables facility (the “PacWest Facility”) by entering into that certain First Amendment to Loan and Security Agreement and Indemnity Agreement (the “First Amendment”) with the lenders party thereto from time to time and Pacific Western Bank, as agent.
The following table summarizes certain key terms of the amended PacWest Facility:
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Revolving Loans |
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Commitment Amount |
$150,000,000 |
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Borrowing Rate |
30-Day Average SOFR + 4.25% |
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Borrowing Base Advance Rate |
90% |
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Revolving Period Termination |
September 15, 2024 |
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Maturity Date |
September 15, 2026 |
The foregoing description of the First Amendment does not purport to be complete and is qualified in its entirety by reference to the Loan and Security Agreement, as amended by the First Amendment, which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ending September 30, 2021.
ITEM 2.03CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT
The information provided in Item 1.01 above is incorporated herein by reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d)Exhibits
The following exhibits are furnished as part of this Report on Form 8-K:
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Exhibit No. |
Description |
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104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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ENOVA INTERNATIONAL, INC. |
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Date: September 17, 2021 |
By: |
/s/ Sean Rahilly |
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Sean Rahilly |
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General Counsel & Secretary |