Dollar Financial Corp. has announced plans to offer 5 million shares of common stock to help fund the purchase of a UK-based payday loan lender. Dollar Financial provides check-cashing and other financial services products.

The company has not yet indicated how money the common stock sale should generate. It expects to transfer the revenue to its subsidiary, Dollar Financial U.K. Limited, which recently bought the payday loan lender Purpose U.K. Holdings for $195 million, using revolving credit for the purchase. Revolving credit is sometimes used to provide liquidity for a company's day-to-day operations.

Dollar Financial operates approximately 1,200 stores, including 100 franchise locations, under various brand names such as Money Mart and American Payday Loans. The company operates in several nations, including the U.S., United Kingdom, Ireland, Sweden, Finland, Poland and Canada.