Enova collects tenders for 60.51% of 9¾% notes due 2021 in offer

By Susanna Moon

Chicago, Sept. 18 – Enova International, Inc. said investors had tendered $178,505,000 principal amount, or 60.51%, of its outstanding $295 million 9¾% senior notes due 2021.

The amount excludes $106,000 of notes that remain subject to guaranteed delivery procedures, according to a press release.

As announced Sept. 10, the company was offering $1,052.75 for each $1,000 principal amount of notes plus accrued interest to the settlement date, which is expected to be Sept. 19.

The offer ended at 5 p.m. ET on Sept. 17.

Enova exercised the call for any remaining notes.

The offer was not contingent upon any minimum amount of notes being tendered, but it is conditioned upon Enova completing a debt financing transaction with proceeds of at least $375 million.

As reported, the company priced $375 million of seven-year senior notes at par to yield 8½% on Sept. 14.

D.F. King & Co., Inc. (866 620-2536, 212 269-5550 or enva@dfking.com) is the information agent.

Credit Suisse Securities (USA) LLC (800 820-1653 or 212 538-2147) is the dealer manager.

Enova International is an online financial services provider. The company is based in Chicago.

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