Prospect Capital Corporation Acquires QC Holdings, Inc.
Prospect Capital Corporation (NASDAQ: PSEC) has completed the acquisition of QC Holdings, Inc., a consumer credit provider, in an all-cash transaction valued at $115 million. The acquisition closed on June 30, 2025.
Following the acquisition, QC Holdings will continue to operate from its Lenexa, Kansas headquarters as a portfolio company of Prospect. The current management team, including President and CEO Darrin Andersen, will retain their positions. QC Holdings' common stock has been delisted from stock exchanges.
The company has outlined the payment process for stockholders: certificated shareholders will receive transmittal letters within 3-5 business days, while those holding shares through Computershare will receive merger price payments in the same timeframe. Brokerage account holders are advised to contact their brokers regarding payment timing.
Prospect Capital Corporation (NASDAQ: PSEC) ha completato l'acquisizione di QC Holdings, Inc., un fornitore di credito al consumo, in un'operazione interamente in contanti del valore di 115 milioni di dollari. L'acquisizione si 猫 conclusa il 30 giugno 2025.
Dopo l'acquisizione, QC Holdings continuer脿 a operare dalla sua sede di Lenexa, Kansas, come societ脿 in portafoglio di Prospect. Il team di gestione attuale, incluso il Presidente e CEO Darrin Andersen, manterr脿 i propri ruoli. Le azioni ordinarie di QC Holdings sono state rimosse dalle borse valori.
L'azienda ha descritto il processo di pagamento per gli azionisti: gli azionisti con certificati riceveranno lettere di trasmissione entro 3-5 giorni lavorativi, mentre chi detiene azioni tramite Computershare ricever脿 i pagamenti del prezzo di fusione nello stesso intervallo di tempo. Ai titolari di conti di intermediazione 猫 consigliato di contattare i propri broker per informazioni sui tempi di pagamento.
Prospect Capital Corporation (NASDAQ: PSEC) ha completado la adquisici贸n de QC Holdings, Inc., un proveedor de cr茅dito al consumidor, en una transacci贸n totalmente en efectivo valorada en 115 millones de d贸lares. La adquisici贸n se cerr贸 el 30 de junio de 2025.
Tras la adquisici贸n, QC Holdings continuar谩 operando desde su sede en Lenexa, Kansas, como una compa帽铆a en cartera de Prospect. El equipo directivo actual, incluido el presidente y CEO Darrin Andersen, mantendr谩 sus cargos. Las acciones ordinarias de QC Holdings han sido retiradas de las bolsas de valores.
La empresa ha detallado el proceso de pago para los accionistas: los accionistas con certificados recibir谩n cartas de transmisi贸n dentro de 3-5 d铆as h谩biles, mientras que quienes posean acciones a trav茅s de Computershare recibir谩n los pagos del precio de la fusi贸n en el mismo plazo. Se recomienda a los titulares de cuentas de corretaje que contacten a sus corredores para conocer los tiempos de pago.
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Prospect Capital Corporation (NASDAQ: PSEC) a finalis茅 l'acquisition de QC Holdings, Inc., un fournisseur de cr茅dit 脿 la consommation, dans le cadre d'une transaction enti猫rement en esp猫ces d'une valeur de 115 millions de dollars. L'acquisition a 茅t茅 cl么tur茅e le 30 juin 2025.
Suite 脿 l'acquisition, QC Holdings continuera d'op茅rer depuis son si猫ge 脿 Lenexa, Kansas, en tant que soci茅t茅 en portefeuille de Prospect. L'茅quipe de direction actuelle, y compris le pr茅sident et CEO Darrin Andersen, conservera ses fonctions. Les actions ordinaires de QC Holdings ont 茅t茅 retir茅es des bourses.
La soci茅t茅 a pr茅cis茅 le processus de paiement pour les actionnaires : les d茅tenteurs de certificats recevront des lettres de transmission sous 3 脿 5 jours ouvrables, tandis que ceux d茅tenant des actions via Computershare recevront les paiements au prix de la fusion dans le m锚me d茅lai. Les titulaires de comptes en courtage sont invit茅s 脿 contacter leurs courtiers pour conna卯tre le calendrier des paiements.
Prospect Capital Corporation (NASDAQ: PSEC) hat die 脺bernahme von QC Holdings, Inc., einem Anbieter von Verbraucherkrediten, in einer bar finanzierten Transaktion im Wert von 115 Millionen US-Dollar abgeschlossen. Der Abschluss erfolgte am 30. Juni 2025.
Nach der 脺bernahme wird QC Holdings weiterhin von seinem Hauptsitz in Lenexa, Kansas, als Portfoliounternehmen von Prospect betrieben. Das aktuelle Managementteam, einschlie脽lich Pr盲sident und CEO Darrin Andersen, bleibt in ihren Positionen. Die Stammaktien von QC Holdings wurden von den B枚rsen genommen.
Das Unternehmen hat den Zahlungsprozess f眉r Aktion盲re erl盲utert: Zertifikatshalter erhalten innerhalb von 3-5 Werktagen 脺bermittlungsschreiben, w盲hrend Aktion盲re, die ihre Anteile 眉ber Computershare halten, die Zahlungen zum Fusionspreis im gleichen Zeitraum erhalten. Inhaber von Brokerage-Konten werden gebeten, sich bez眉glich des Zahlungszeitpunkts an ihre Broker zu wenden.
- Strategic acquisition of QC Holdings for $115 million expands Prospect's portfolio in consumer credit sector
- Retention of existing QC Holdings management team ensures operational continuity
- All-cash transaction structure provides immediate liquidity to QC Holdings shareholders
- Delisting of QC Holdings stock reduces public investment options in the consumer credit sector
NEW YORK, July 01, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (鈥淧rospect鈥�) (NASDAQ: PSEC) has announced the closing of the acquisition of QC Holdings, Inc. (鈥淨C Holdings鈥�), a provider of consumer credit, by Prospect on June 30, 2025. In accordance with the previously announced聽definitive merger agreement, Prospect has聽acquired QC Holdings in an all-cash transaction for a total enterprise value of approximately
The common stock for QC Holdings is no longer listed on a stock exchange. QC Holdings, as a portfolio company of Prospect, will remain headquartered in Lenexa, Kansas. The QC Holdings management team members, led by Darrin Andersen, President and Chief Executive Officer, will continue to lead QC Holdings post-acquisition in their current roles.
QC Holdings has been advised that stockholders of record on June 30, 2025 (i) with certificated shares will be mailed a letter of transmittal for submission of stock certificates within 3-5 business days and (ii) holding shares through direct registration with Computershare, the stock transfer agent for QC Holdings, should receive payment of the merger price per share held by each such stockholder from Computershare, as Paying Agent, within 3-5 business days. Investors holding shares through brokerage accounts should contact their broker regarding timing of receipt of payment.
Blank Rome LLP served as legal advisor to Prospect. Stinson LLP served as legal advisor to QC Holdings.
About Prospect Capital Corporation
Prospect is a business development company lending to and investing in private businesses. Prospect鈥檚 investment objective is to generate both current income and long-term capital appreciation through debt and equity investments.
Prospect has elected to be treated as a business development company under the Investment Company Act of 1940. Prospect has elected to be treated as a regulated investment company under the Internal Revenue Code of 1986.
About QC Holdings, Inc.
QC Holdings specializes in consumer-focused alternative financial services and credit solutions and, for more than 40 years, has been providing credit options for people underserved by traditional banking institutions. Its core products include a variety of short-term loans and financial services. In the United States, QC Holdings operates as 鈥淟endNation鈥� through more than 325 retail locations in 12 states. In Canada, QC Holdings offers loans through 19 retail locations and online.
For further information, contact:
Grier Eliasek, President and Chief Operating Officer, Prospect Capital Corporation
(212) 448-0702
Darrin J. Andersen, President / Chief Executive Officer, QC Holdings, Inc.
(913) 234-5122
Joshua C. Ditmore, General Counsel, QC Holdings, Inc.
(913) 234-5174
FAQ
What is the value of Prospect Capital's acquisition of QC Holdings?
When did Prospect Capital (PSEC) complete the acquisition of QC Holdings?
Will QC Holdings management team change after the Prospect Capital acquisition?
How will QC Holdings shareholders receive their payment from the Prospect Capital acquisition?
Where will QC Holdings be headquartered after the Prospect Capital acquisition?
