Enova International, through its indirect subsidiary HWC Receivables 2023, LLC, has amended its existing revolving receivables facility, the HWCR 2023 Securitization Facility. The amendment modifies key terms of the $535 million facility, including commitment amounts, borrowing rates, and maturity dates.
Key Details
- Total Facility Size: The amended facility has a total commitment of $535,000,000, divided into two tranches.
- Loan Tranches: The facility consists of $400 million in Class A Revolving Loans at a rate of SOFR + 2.75% and $135 million in Class B Revolving Loans at SOFR + 8.50%.
- Timeline: The revolving period for the facility ends in March 2028, with a final maturity date set for March 2029.