CHICAGO, Sept. 10, 2018 /PRNewswire/ -- Enova
International (NYSE: ENVA) ("Enova") today announced that it
intends to offer, subject to market and other customary conditions,
$375 million in aggregate principal
amount of senior notes due 2025 (the "Notes"). The Notes will be
guaranteed, jointly and severally, on a senior unsecured basis by
Enova's existing and future domestic subsidiaries other than its
securitization subsidiaries. The Notes and the related guarantees
will be senior unsecured obligations of Enova and the
guarantors.
Enova intends to use the net proceeds from the offering to
repurchase any and all of its outstanding senior notes due 2021
(the "2021 Notes"), to pay the related accrued interest, premiums,
fees and expenses related to the offering of the Notes and incurred
in connection with the repurchase of the 2021 Notes and for general
corporate purposes.
The Notes and the related guarantees will be offered only to
"qualified institutional buyers" pursuant to Rule 144A under
the Securities Act of 1933, as amended (the "Securities Act") and
to certain persons outside of the United
States in compliance with Regulation S under the
Securities Act. The Notes and the related guarantees have not been
registered under the Securities Act, or the securities laws of any
state or other jurisdiction, and may not be offered or sold in
the United States without
registration or an applicable exemption from the Securities Act and
applicable state securities or blue sky laws and foreign securities
laws.
This press release is issued pursuant to Rule 135c of the
Securities Act for informational purposes only and shall not
constitute an offer to sell or the solicitation of an offer to buy
the Notes or any other securities. No offer, solicitation or sale
of the Notes will be made in any jurisdiction in which the offer,
solicitation or sale is unlawful. Any offers of the Notes will be
made only by means of a private offering memorandum.
Cautionary Information Regarding Forward-Looking
Statements
This press release contains forward-looking statements within
the meaning of within the meaning of Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934
about the business, financial condition and prospects of Enova.
These forward-looking statements give current expectations or
forecasts of future events and reflect the views and assumptions of
Enova's senior management with respect to the business, financial
condition and prospects of Enova as of the date of this release and
are not guarantees of future performance. The actual results of
Enova could differ materially from those indicated by such
forward-looking statements because of various risks and
uncertainties applicable to Enova's business, 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
Forms 10-Q and current reports on Forms 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.