Prospect Capital Corporation (PSEC) Friday said it has agreed to acquire QC Holdings, Inc. by its portfolio company for about $115 million or $2 per share, in cash.
QC Holdings' President and Chief Executive Officer Darrin Andersen will continue to lead the company post merge.
The deal is expected to close in 40 to 60 days.
Blank Rome LLP served as legal advisor to Prospect. Stinson LLP served as legal advisor to QC Holdings.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.