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 è conclusa il 30 giugno 2025.
Dopo l'acquisizione, QC Holdings continuerà a operare dalla sua sede di Lenexa, Kansas, come società in portafoglio di Prospect. Il team di gestione attuale, incluso il Presidente e CEO Darrin Andersen, manterrà 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 riceverà i pagamenti del prezzo di fusione nello stesso intervallo di tempo. Ai titolari di conti di intermediazione è consigliato di contattare i propri broker per informazioni sui tempi di pagamento.
Prospect Capital Corporation (NASDAQ: PSEC) ha completado la adquisición de QC Holdings, Inc., un proveedor de crédito al consumidor, en una transacción totalmente en efectivo valorada en 115 millones de dólares. La adquisición se cerró el 30 de junio de 2025.
Tras la adquisición, QC Holdings continuará operando desde su sede en Lenexa, Kansas, como una compañía en cartera de Prospect. El equipo directivo actual, incluido el presidente y CEO Darrin Andersen, mantendrá 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 recibirán cartas de transmisión dentro de 3-5 días hábiles, mientras que quienes posean acciones a través de Computershare recibirán los pagos del precio de la fusión en el mismo plazo. Se recomienda a los titulares de cuentas de corretaje que contacten a sus corredores para conocer los tiempos de pago.
Prospect Capital Corporation (NASDAQ: PSEC)는 소비자 신용 제공업체인 QC Holdings, Inc.를 1억 1,500만 달러 규모의 전액 현금 거래로 인수 완료했습니다. 인수는 2025년 6월 30일에 마무리되었습니다.
인수 후 QC Holdings는 캔자스주 레넥사에 있는 본사에서 Prospect의 포트폴리오 회사로 계속 운영됩니다. 현 경영진인 사장 겸 CEO 다린 앤더슨을 포함한 팀은 자리를 유지합니다. QC Holdings의 보통주는 증권 거래소에서 상장 폐지되었습니다.
회사는 주주들을 위한 지급 절차를 안내했습니다: 증서 보유 주주는 3~5영업일 내에 송달 서한을 받게 되며, Computershare를 통해 주식을 보유한 주주는 같은 기간 내에 합병 대금 지급을 받습니다. 중개 계좌 보유자는 지급 시기에 대해 중개인에게 문의할 것을 권장합니다.
Prospect Capital Corporation (NASDAQ: PSEC) a finalisé l'acquisition de QC Holdings, Inc., un fournisseur de crédit à la consommation, dans le cadre d'une transaction entièrement en espèces d'une valeur de 115 millions de dollars. L'acquisition a été clôturée le 30 juin 2025.
Suite à l'acquisition, QC Holdings continuera d'opérer depuis son siège à Lenexa, Kansas, en tant que société en portefeuille de Prospect. L'équipe de direction actuelle, y compris le président et CEO Darrin Andersen, conservera ses fonctions. Les actions ordinaires de QC Holdings ont été retirées des bourses.
La société a précisé le processus de paiement pour les actionnaires : les détenteurs de certificats recevront des lettres de transmission sous 3 à 5 jours ouvrables, tandis que ceux détenant des actions via Computershare recevront les paiements au prix de la fusion dans le même délai. Les titulaires de comptes en courtage sont invités à contacter leurs courtiers pour connaître le calendrier des paiements.
Prospect Capital Corporation (NASDAQ: PSEC) hat die Übernahme 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 Übernahme wird QC Holdings weiterhin von seinem Hauptsitz in Lenexa, Kansas, als Portfoliounternehmen von Prospect betrieben. Das aktuelle Managementteam, einschließlich Präsident und CEO Darrin Andersen, bleibt in ihren Positionen. Die Stammaktien von QC Holdings wurden von den Börsen genommen.
Das Unternehmen hat den Zahlungsprozess für Aktionäre erläutert: Zertifikatshalter erhalten innerhalb von 3-5 Werktagen Übermittlungsschreiben, während Aktionäre, die ihre Anteile über Computershare halten, die Zahlungen zum Fusionspreis im gleichen Zeitraum erhalten. Inhaber von Brokerage-Konten werden gebeten, sich bezüglich 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 (“Prospect”) (NASDAQ: PSEC) has announced the closing of the acquisition of QC Holdings, Inc. (“QC Holdings”), a provider of consumer credit, by Prospect on June 30, 2025. In accordance with the previously announced definitive merger agreement, Prospect has 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’s 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 “LendNation” 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
grier@prospectcap.com
(212) 448-0702
Darrin J. Andersen, President / Chief Executive Officer, QC Holdings, Inc.
Darrin.andersen@qcholdings.com
(913) 234-5122
Joshua C. Ditmore, General Counsel, QC Holdings, Inc.
Joshua.ditmore@qcholdings.com
(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?
