Investment firm Prospect Capital Corp. said it completed its $197 million acquisition of Patriot Capital on Wednesday.
The cash-and-stock deal, announced in August, included $107.3 million to pay off all Patriot debt.
Patriot Capital, which arranges financing for small businesses, paid a final distribution to its shareholders of 38 cents per share immediately prior to the buyout. The dividend was 10 percent in cash, or $821,000 total, and 90 percent in newly issued shares of Patriot common stock.
Prospect share closed up a penny at $10.99.