---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-051408"
form_type: "8-K"
ticker: "OMCC"
cik: "0001000045"
company_name: "OLD MARKET CAPITAL Corp"
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-01T20:46:49.598422+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Nicholas Financial closes $65.6M asset sale to Westlake Services; receives net cash of $40.6M

## Summary
- Completed sale of substantially all motor vehicle retail installment contracts and unsecured consumer loan contracts to Westlake Services.
- Total purchase price $65,617,598; net cash proceeds after adjustments $40,633,835.
- Retained $25,894,206 in principal and interest cash payments collected prior to closing that otherwise would have been paid to Westlake.
- Exit of consumer loan origination business; servicing had been handled by Westlake affiliate since Nov 2022.

## SEC filing metadata
- accession: 0000950170-24-051408
- form_type: 8-K
- ticker: OMCC
- cik: 0001000045
- company_name: OLD MARKET CAPITAL Corp
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1000045/000095017024051408/0000950170-24-051408-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1000045/000095017024051408/nick-20240426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-051408
- JSON: https://secwatch.observer/filing/0000950170-24-051408.json
- Plain text: https://secwatch.observer/filing/0000950170-24-051408.txt

## Key facts
- M&A Transactions
  OLD MARKET CAPITAL Corp completed a disposition involving Westlake Services, LLC dba Westlake Financial for aggregate purchase price of $65,617,598 (closed 2024-04-26).
  - Action: disposition
  - Counterparty: Westlake Services, LLC dba Westlake Financial
  - Consideration: aggregate purchase price of $65,617,598
  - Closing: 2024-04-26
  source text: On April 26, 2024 the transactions contemplated by the Purchase Agreement closed with an aggregate purchase price of $65,617,598
  evidence_url: https://www.sec.gov/Archives/edgar/data/1000045/000095017024051408/0000950170-24-051408-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.