Momentum Financial Services Group Secures C$657.9 Million Loan Facility Renewal

Whats Happening:

Momentum Financial Services Group has successfully renewed and expanded its secured loan facility with Ares Management Alternative Credit funds. The commitment has increased from C$575 million to C$657.9 million, providing additional capital to fund the company's growing loan receivables portfolio and meet the needs of its North American customers.

Key Moves:

• Loan facility increased from C$575 million to C$657.9 million

• Additional capital to fund growing loan receivables portfolio

• Funds to be used for repaying 2023 secured loan facility and expanding eligible loan receivables

By The Numbers:

• Loan facility expanded by C$82.9 million

• Momentum operates over 360 stores in Canada and 60 in the United States

• Ares Management had approximately $546 billion of assets under management as of March 31, 2025

Key Quotes:

• "By partnering with Ares, we are paving the way for our future growth and reinforcing our commitment to connecting consumers to cash when they need it most," - Peter Kalen, CEO of Momentum Financial Services Group

• "We are excited to continue our longstanding relationship with the team at Momentum Financial Services Group," - Felix Zhang, Partner in the Ares Alternative Credit strategy

Bottom Line:

The expanded loan facility strengthens Momentum Financial Services Group's ability to meet rising demand, expand lending capabilities, and empower customers with financial solutions. This renewal demonstrates the company's commitment to growth and its strong partnership with Ares Management in the alternative credit space.

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