ENOVA ANNOUNCES PRIVATE OFFERING OF $400.0 MILLION OF SENIOR NOTES DUE 2029
Enova intends to use the net proceeds from the offering for a concurrent tender offer for any and all of the Company's outstanding 8.500% Senior Notes due 2025 (the "2025 Notes") and consent solicitation and the redemption of any remaining 2025 Notes and to pay the related accrued interest, the fees and expenses related to the offering of the Notes and incurred in connection with the tender offer and consent solicitation and redemption of any remaining 2025 Notes, and for general corporate purposes. Enova's tender offer for, and subsequent redemption of, any remaining 2025 Notes is conditioned upon the consummation of the offering of the Notes described above.
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
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 Statement Regarding Forward Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about the business, financial condition and prospects of the Company. These forward-looking statements give current expectations or forecasts of future events and reflect the views and assumptions of the Company's senior management with respect to the business, financial condition and prospects of the Company as of the date of this release and are not guarantees of future performance. The actual results of the Company could differ materially from those indicated by such forward-looking statements because of various risks and uncertainties applicable to the Company's business, including, without limitation, those risks and uncertainties indicated in the Company's filings with the
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