Westlake /
Nicholas Financial
Westlake Financial to purchase Nicholas Financial’s loan portfolio
What happened
Westlake Services, LLC dba Westlake Financial agreed to purchase Nicholas Financial, Inc.’s automobile finance installment contracts under an asset purchase agreement dated Nov. 13, 2023.
The aggregate cash purchase price is approximately $65.5 million, subject to adjustment. The sale requires shareholder approval.
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Westlake Financial to purchase Nicholas Financial’s loan portfolio
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