Enova Completes $500M OnDeck ABS at 6.22% Coupon; Revolving Through 2028

Enova completed a $500.0 million asset-backed securitization through its subsidiary OnDeck Asset Securitization IV, issuing fixed-rate notes across four classes with a weighted average coupon of 6.22%. Proceeds were used to purchase a revolving pool of small business loans from OnDeck that serve as…