05:42 PM EDT, 08/12/2024 (MT Newswires) -- Enova International ( ENVA ) said late Monday its board has authorized a new $300 million stock buyback program to replace its existing share repurchase plan that would expire by the end of the year.

The new stock buyback program now runs through the end of December 2025, the company said.

Separately, Enova ( ENVA ) said it has closed its $500 million offering of 9.125% senior notes maturing in 2029 priced at par.

Net proceeds from the recent notes offering will be used to redeem any of the company's 2025 notes still outstanding as well as paying off its revolving credit facility and other general corporate purposes, the company added.

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