PROG Holdings to Acquire Purchasing Power for $420 Million

Reuters12-02

PROG Holdings to Acquire Purchasing Power for $420 Million

PROG Holdings will acquire Purchasing Power for $420 million in cash, with the transaction funded through a combination of cash on hand and debt financing. At closing, Purchasing Power will retain approximately $330 million of non-recourse funding debt under its securitization and warehouse facilities. The deal is expected to close in early 2026, subject to customary closing conditions and regulatory approvals. Company leaders highlighted that the combination will create a more diversified provider of financial health and payment services, aiming to accelerate growth and better serve customers in the near- and sub-prime market.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PROG Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251201633406) on December 01, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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