ENOVA INTERNATIONAL, INC. (NYSE:ENVA) Files An 8-K Other EventsITEM 8.01OTHER EVENTS
On August 15, 2017, Enova International, Inc. (the “Company”) provided notice (the “Notice”) of a conditional partial redemption (the “Redemption”) to the holders of its $500,000,000 aggregate principal amount of 9.75% Senior Notes due 2021 (the “Notes”) to the Indenture, dated as of May 30, 2014, by and between the Company, the guarantors thereto and Computershare Trust Company, N.A. and Computershare Trust Company of Canada (as successor trustee to U.S. Bank National Association), as trustee (together, the “Trustee”), as amended, supplemented or modified (the “Indenture”). to the Notice, the Company has elected to redeem $155,000,000 in principal amount of the outstanding Notes on September 14, 2017 (the “Redemption Date”). The redemption price of the Notes, as set forth in the Indenture, is equal to 107.313% of the principal amount of such Notes redeemed, plus accrued and unpaid interest thereon to the Redemption Date.
The Redemption will be conditioned upon the Company’s receipt of proceeds from one or more new financing transactions sufficient, in the Company’s sole discretion, to pay the Redemption Price and to effect the other transactions contemplated by such financing transactions, including paying the related fees and expenses, on or prior to the Redemption Date.
The Company has instructed the Trustee to send a notice of conditional partial redemption in the name of the Company to all currently registered holders of the Notes. This Current Report on Form 8-K does not constitute a notice of redemption under the Indenture, nor an offer to tender for, or purchase, any Notes or any other security.
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.
