Enova sets roadshow for $500 million seven-year notes via Jefferies

By Paul A. Harris

Portland, Ore., May 14 - Enova International, Inc. plans to market a $500 million offering of seven-year senior notes on an investor roadshow set to run through the middle part of the May 19 week, according to an informed source.

Jefferies LLC is the bookrunner for the Rule 144A and Regulation S with registration rights offering.

The notes become callable after three years at par plus 75% of the coupon.

Proceeds will be used to repay inter-company loans and to fund a distribution in connection with the spinoff of Enova, a Fort Worth-based provider of online financial services, from Cash America International, Inc.

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