Enova to redeem $150 million portion of notes due 2021 on Sept. 14

By Wendy Van Sickle

Columbus, Ohio, Aug. 15 – Enova International, Inc. called a $150 million portion of its $500 million senior notes due 2021 for redemption on Sept. 14, according to an 8-K filing with the Securities and Exchange Commission.

The notes will be redeemed at 107.313 plus accrued interest to the redemption date.

As previously reported, Enova plans to fund the partial redemption using proceeds from an offering of new senior notes due 2024.

The company announced on Monday that it intends to offer $250 million of senior notes due 2024.

Funds from the Rule 144A offering will also be used for general corporate purposes, which may include working capital and future repurchases of outstanding debt securities.

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

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