The Online Investor
Credit Services & Lending M&A image Credit Services & Lending M&A » By The Online Investor Staff, updated Sat., Apr. 17, 6:25 AM Recent mergers and acquisitions in the Credit Services & Lending M&A category.

Slide #29. Prospect Capital Corporation Nicholas Financial, Inc.

Acquirer: Prospect Capital Corporation (PSEC)
Acquiree: Nicholas Financial, Inc. (NICK)
Details: Prospect Capital Corporation (NASDAQ: PSEC) ("Prospect") announced today that Prospect has entered into a definitive agreement to acquire 100% of the common stock of Nicholas Financial, Inc. (NASDAQ: NICK) ("Nicholas") for $16.00 per share. Subject to certain conditions, the transaction is currently contemplated to close in April 2014, although this timing could be earlier or later depending on the time required to obtain the requisite approvals. The Board of Directors of Nicholas has voted to recommend the transaction to the security holders of Nicholas.

Prospect Capital is registered as a closed-end investment company. Co.'s investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. Co. invests primarily in senior and subordinated debt and equity of private companies in need of capital for acquisitions, divestitures, growth, development, recapitalizations and other purposes. Co. works with the management teams or financial sponsors to seek investments with historical cash flows, asset collateral or contracted pro-forma cash flows.

PSEC SEC Filing Email Alerts Service


Open the PSEC Page at The Online Investor »

Prospect Capital is registered as a closed-end investment company. Co.'s investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. Co. invests primarily in senior and subordinated debt and equity of private companies in need of capital for acquisitions, divestitures, growth, development, recapitalizations and other purposes. Co. works with the management teams or financial sponsors to seek investments with historical cash flows, asset collateral or contracted pro-forma cash flows.

PSEC SEC Filing Email Alerts Service


Open the NICK Page at The Online Investor »

Company Name: 
Prospect Capital Corp
Website: 
www.prospectstreet.com
Sector: 
Investment Companies & Venture Capital
Number of ETFs Holding PSEC: 
5
Total Market Value Held by ETFs: 
$23.92M
Total Market Capitalization: 
$3.07B
% of Market Cap. Held by ETFs: 
0.78%
Company Name: 
Nicholas Financial Inc (BC)
Website: 
www.nicholasfinancial.com
Sector: 
Credit Services & Lending
Number of ETFs Holding NICK: 
4
Total Market Value Held by ETFs: 
$2.70M
Total Market Capitalization: 
$133.00M
% of Market Cap. Held by ETFs: 
2.03%
 

Quotes delayed 20 minutes


Credit Services & Lending M&A - Slide 29 of 100 Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2021, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.