Prospect Capital acquires QC Holding for enterprise value of $115M

Prospect Capital (PSEC) announced the closing of the acquisition of QC Holdings by Prospect on June 30. 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 $115M. 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 CEO, will continue to lead QC Holdings post-acquisition in their current roles. !C Holdings has been advised that stockholders of record on June 30, with certificated shares will be mailed a letter of transmittal for submission of stock certificates within 3-5 business days and 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.