A Blank Rome team successfully represented Prospect Capital Corporation (“Prospect”) (NASDAQ: PSEC), a business development company, in the acquisition of QC Holdings, Inc. (“QC Holdings”), a provider of consumer credit. Prospect acquired QC Holdings in an all-cash transaction for a total enterprise value of approximately $115 million. In connection with the transaction, which was structured as a merger, Prospect also provided term financing, with Axos Bank and Busey Bank providing senior loans. The merger agreement was executed on April 11, 2025, and the transaction closed on June 30, 2025.
To learn more about the transaction, read the press release: Prospect Capital Corporation.
The Blank Rome acquisition team was led by Masha Trainor and John T. Winton, with support from Zachary A. Aria, Stephanie Kaplan, Alex C. Nisenbaum, Michael A. Kadlec, Justin G. Mapes, Jeffrey M. Rosenfeld, David A. Gilbert, Joseph T. Gulant, Timothy D. Pecsenye, Donald J. Slater, Jr., Hannah K. Ahn, and Carol Buckalew.
The financing team was led by Heather Sonnenberg and Emily Osofsky, with support from Shlomo Troodler, Shadi Enos Jahangir, Adam R. Sansweet, and Joyce B. Lee.
