CHICAGO, Oct. 4, 2023
/PRNewswire/ -- Enova International, Inc. (NYSE: ENVA) (the
"Company"), a leading financial technology company powered by
machine learning and world-class analytics, today announced that it
has successfully completed its previously announced consent
solicitation (the "Consent Solicitation") pursuant to terms and
conditions of a Consent Solicitation Statement, dated September 26, 2023 (the "Consent Solicitation
Statement") to approve an amendment (the "Proposed Amendment") to
the indenture (the "Indenture") governing its outstanding 8.500%
Senior Notes due 2025 (the "Notes") in order to increase the
Company's ability to make restricted payments in connection with
share repurchases and for other corporate purposes.
Accordingly, the Company entered into the supplement to the
Indenture, which is now effective. Upon the cash payment by the
Company of $15.00 per $1,000 principal amount of Notes in respect of
which such Consents were validly delivered (and not validly
revoked) prior to the Expiration Time, the Proposed Amendment will
become operative. The Company intends to settle the Consent
Solicitation promptly.
"We are pleased our 2025 senior noteholders have provided us
additional flexibility to increase capital returns to our
shareholders. Over the last several years, we've built a strong
balance sheet, meaningfully improved our financial risk profile and
consistently demonstrated the ability to deliver strong financial
results," said David Fisher, CEO
of Enova.
This news release is for informational purposes only and does
not constitute an offer to sell or the solicitation of an offer to
buy the Notes or any other securities. The Consent Solicitation
Statement does not constitute a solicitation of consents in any
jurisdiction in which, or to or from any person to or from whom, it
is unlawful to make such solicitation under applicable securities
laws.
About Enova
Enova International (NYSE: ENVA) is a
leading financial services company with powerful online lending
that serves small businesses and consumers who are underserved by
traditional banks. Through its world-class analytics and machine
learning algorithms, Enova has provided more than 8.6 million
customers with over $51 billion in
loans and financing. You can learn more about the company and its
portfolio of businesses at www.enova.com.
Cautionary Statement Regarding Forward Looking
Statements
This release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Statements that are not historical facts are forward looking
statements. These forward-looking statements reflect the current
view of management and are subject to various risks and
uncertainties and are not guarantees of future performance. Actual
results could differ materially from those indicated by such
forward-looking statements because of various risks and
uncertainties, including, without limitation, those risks and
uncertainties indicated in Enova's filings with the Securities and
Exchange Commission ("SEC"), including its annual report on Form
10-K, quarterly reports on Form 10-Q and current reports on Form
8-K. These risks and uncertainties are beyond the ability of Enova
to control, and, in many cases, Enova cannot predict all of the
risks and uncertainties that could cause its actual results to
differ materially from those indicated by the forward-looking
statements. When used in this release, the words "believes,"
"estimates," "plans," "expects," "anticipates" and similar
expressions or variations as they relate to Enova or its management
are intended to identify forward-looking statements. Enova cautions
you not to put undue reliance on these statements. Enova disclaims
any intention or obligation to update or revise any forward-looking
statements after the date of this release.
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SOURCE Enova International, Inc.