Dollar Financial Corp Receives Approval from Office of Fair Trading for the Acquisition of Purpose U.K. Holdings Limited

Dollar Financial Corp DLLR today announced the U.K. Office of Fair Trading has approved the previously announced acquisition of Purpose U.K. Holdings Limited, the parent company of Month End Money .

MEM, which was established in 2003, operates under the brand name PaydayUK and is the market leader in the region, providing loans through both internet and telephony-based technologies throughout the United Kingdom. The initial funding for the acquisition is expected to be provided by a combination of cash on the balance sheet and a draw down on the Company's recently expanded $200 million global revolving credit facility. The acquisition of MEM is expected to be finalized in approximately 30 days.