Enova International, Inc. Announces Proposed Offering of $500 Million of
Senior Notes due 2021
FORT WORTH, Texas -- May 14, 2014
Enova International, Inc. (“Enova”), a wholly-owned subsidiary of Cash America
International, Inc. (“Cash America”) (NYSE: CSH), today announced its
intention to offer, subject to market and other conditions, $500 million of
senior notes due 2021 (the “Notes”). The Notes will be offered by Enova to
qualified institutional buyers pursuant to Rule 144A and outside the United
States pursuant to Regulation S under the Securities Act of 1933, as amended
(the “Securities Act”). The Notes will be unsecured obligations of Enova and
will be unconditionally guaranteed by Enova’s U.S. subsidiaries. Neither Cash
America nor any of its other subsidiaries that are not subsidiaries of Enova
will guarantee the Notes.
Enova intends to use all of the net proceeds from the sale of the Notes to
repay all of its outstanding intercompany debt that Enova owes to Cash America
and to pay a cash dividend to Cash America. Cash America intends to use the
proceeds it receives from Enova primarily for the repayment of a portion of
its existing indebtedness, and the remaining proceeds will be used for general
The Notes have not been registered under the Securities Act or any state
securities laws and may not be offered or sold in the United States absent
such registration or an applicable exemption from the registration
requirements of the Securities Act and applicable state securities laws.
This press release does not and will not constitute an offer to sell or the
solicitation of any offer to buy the Notes or any other securities, nor shall
there be any sale of the Notes in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such jurisdiction. This press release is
being issued pursuant to Rule 135c under the Securities Act.
Cash America International, Inc.
Thomas A. Bessant, Jr., 817-335-1100
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