ENOVA INTERNATIONAL, INC. (NYSE:ENVA) Files An 8-K Entry into a Material Definitive AgreementItem 1.01
On August18, 2017, Enova International, Inc. (the “Company”) and certain subsidiary guarantors (collectively, the “Guarantors”) entered into a note purchase agreement (the “Purchase Agreement”) with Jefferies LLC, as representative of the initial purchasers named therein (the “Initial Purchasers”), to which such Initial Purchasers agreed to purchase $250million aggregate principal amount of the Company’s 8.500% Senior Notes due 2024 (the “Notes”), subject to the terms and conditions set forth in the Purchase Agreement. The sale of the Notes is expected to be completed on September1, 2017, subject to customary closing conditions.
The Purchase Agreement contains customary representations and warranties of the parties, as well as indemnification and contribution provisions whereby the Company, on the one hand, and the Initial Purchasers, on the other hand, have agreed to indemnify each other against certain liabilities. The Purchase Agreement may be terminated under certain circumstances, including in the event that the Company fails to satisfy the closing conditions set forth therein or upon the occurrence of certain trading and market conditions.
The foregoing description of the Purchase Agreement does not purport to be complete and is qualified in its entirety by reference to the Purchase Agreement filed hereto as Exhibit 10.1, which is incorporated herein by reference.
The Notes and related guarantees have not been registered under the Securities Act or the securities laws of any other jurisdiction, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. The offering and sale of the Notes and related guarantees will be made only to qualified institutional buyers in accordance with Rule 144A under the Securities Act and to non-U.S. persons in accordance with Regulation S under the Securities Act.
| Item 1.01 | FINANCIAL STATEMENTS AND EXHIBITS |
The following exhibit is furnished as part of this Report on Form 8-K:
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Exhibit No. |
Description |
| 10.1 | Purchase Agreement by and among Enova International, Inc., the Guarantors party thereto and Jefferies LLC, as Representative of the Initial Purchasers listed therein, dated August18, 2017 |
Enova International, Inc. ExhibitEX-10.1 2 d447783dex101.htm EX-10.1 EX-10.1 Exhibit 10.1 Execution Version $250,…To view the full exhibit click here
About ENOVA INTERNATIONAL, INC. (NYSE:ENVA)
Enova International, Inc (Enova) is a provider of online financial services to non-prime consumers and small businesses, providing access to credit powered by its advanced analytics, technology, and online platform and services. Enova has provided over four million customers around the globe access to more than $17 billion in loans and financing. The financial technology company has a portfolio of trusted brands serving consumers, including CashNetUSA, DollarsDirect, NetCredit, On Stride Financial, Pounds to Pocket, QuickQuid and Simplic; two brands serving small businesses, Headway Capital and The Business Backer, and offers online lending platform services to lenders. Through its Enova Decisions brand, it also delivers on-demand decision-making technology and real-time predictive analytics services to clients.
