Prospect Capital Corporation has successfully expanded its portfolio through the acquisition of QC Holdings, Inc., a consumer credit provider, in an all-cash transaction valued at approximately $115 million. Following the completion of the acquisition, QC Holdings will continue to operate from its headquarters in Lenexa, Kansas, under the leadership of its current management team, including President and CEO Darrin Andersen. The transaction finalizes QC Holdings' transition as a portfolio company of Prospect, with its common stock no longer listed on any stock exchange. This strategic acquisition marks a significant growth step for Prospect Capital Corporation.
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