8-K

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 30, 2022

ENOVA INTERNATIONAL, INC.

(Exact name of Registrant as Specified in Its Charter)

Delaware	1-35503	45-3190813
(State or Other Jurisdiction<br>of Incorporation)	(Commission File Number)	(IRS Employer<br>Identification No.)
175 West Jackson Boulevard
Chicago, Illinois		60604
(Address of Principal Executive Offices)		(Zip Code)
Registrant’s Telephone Number, Including Area Code: 312 568-4200
---

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading<br>Symbol(s)	Name of each exchange on which registered
Common Stock, $.00001 par value per share	ENVA	New York Stock Exchange LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

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 June 30, 2022, OnDeck Receivables 2022, LLC (“OnDeck 2022”), a wholly-owned indirect subsidiary of Enova International, Inc. (the “Company”), entered into that certain Credit Agreement (the “Credit Agreement”) with the lenders from time to time party thereto, BMO Capital Markets Corp., as administrative agent and collateral agent, and Deutsche Bank Trust Company Americas, as paying agent. The Credit Agreement provides for a total commitment of $420,000,000.00 from the lender group as further described below.

The following table summarizes certain key terms of the Credit Agreement.

	Class A Revolving Loans	Class B Revolving Loans
Commitment Amount	$350,000,000.00	$70,000,000.00
Borrowing Rate	CP Rate + 1.75%	SOFR + 7.50%
Borrowing Base Advance Rate	75%	90%
Revolving Period Termination	June 30, 2024	June 30, 2024
Maturity Date	June 30, 2025	June 30, 2025

The foregoing description of the Credit Agreement does not purport to be complete and is subject to and qualified in its entirety by reference to the Credit Agreement that will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ending June 30, 2022.

Item 2.03 Creation 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:

Exhibit No.	Description
99.1	Enova International, Inc. press release dated July 5, 2022
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 thereunto duly authorized.

			ENOVA INTERNATIONAL, INC.
Date:	July 5, 2022	By:	/s/ Sean Rahilly
			Sean Rahilly<br>General Counsel & Secretary

EX-99.1

Exhibit 99.1

Enova Increases Funding Capacity by $550 Million with Recent Transactions

CHICAGO, July 5, 2022 /PRNewswire/ -- Enova International (NYSE: ENVA), a leading financial technology company powered by machine learning and artificial intelligence, announced today that during June the company closed $550 million of additional funding capacity. A new two-year $420 million small business securitization warehouse with two new bank lenders was priced at 271 basis points over the applicable base index and will support funding small business customer demand.

Additionally, the company’s existing secured revolving corporate credit facility, which is used for working capital and other general business purposes, was increased by $130 million to $440 million. The maturity of the facility was extended to June 2026 and is priced at SOFR plus 350 basis points.

“The new small business facility and meaningful increase in our corporate revolving line of credit further enhances our solid liquidity profile and financial flexibility,” said Steve Cunningham, CFO of Enova. “The attractive terms reflect the solid credit performance of our portfolio and strength of our bank partnerships.”

In addition to cash and marketable securities, Enova ended the second quarter with more than $800 million in capacity on its committed securitization facilities and secured corporate revolver.

About Enova

Enova International (NYSE: ENVA) is a leading financial technology company providing online financial services through its artificial intelligence and machine learning powered lending platform. Enova serves the needs of non-prime consumers and small businesses, who are frequently underserved by traditional banks. Enova has provided more than 7 million customers with over $40 billion in loans and financing with market leading products that provide a path for them to improve their financial health. You can learn more about the company and its brands at www.enova.com.

SOURCE Enova International, Inc.

For further information: Public Relations Contact: Kaitlin Lowey, Email: media@enova.com; Investor Relations Contact: Monica Gould, Office: (212) 871-3927, Email: IR@enova.com