{"id":863080,"date":"2025-06-24T08:27:02","date_gmt":"2025-06-24T12:27:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/momentum-financial-services-group-secures-c657-9-million-loan-facility-renewal-with-ares-management-to-support-growth\/"},"modified":"2025-06-24T08:27:02","modified_gmt":"2025-06-24T12:27:02","slug":"momentum-financial-services-group-secures-c657-9-million-loan-facility-renewal-with-ares-management-to-support-growth","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/momentum-financial-services-group-secures-c657-9-million-loan-facility-renewal-with-ares-management-to-support-growth\/","title":{"rendered":"Momentum Financial Services Group Secures C$657.9 Million Loan Facility Renewal with Ares Management to Support Growth"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p class=\"prntac\">With an expanded <span class=\"xn-money\">C$657.9 million<\/span> loan facility from Ares Management Alternative Credit funds, Momentum Financial Services Group reinforces its commitment to funding growth, enhancing liquidity, and meeting the evolving financial needs of its North American Money Mart customers.<\/p>\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">TORONTO<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">June 24, 2025<\/span><\/span> \/PRNewswire\/ &#8211; Momentum Financial Services Group, a provider of a variety of financial solutions under the Money Mart\u00ae and The Check Cashing Store\u00ae brands, is pleased to announce the successful renewal and upsize of its secured loan facility with Ares Management Alternative Credit funds (&#8220;Ares&#8221;). As part of this renewal, Ares has increased its commitment from <span class=\"xn-money\">C$575 million<\/span> to <span class=\"xn-money\">C$657.9 million<\/span>.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/2716977\/Momentum_Financial_Services_Group_Momentum_Financial_Services_Gr.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/2716977\/Momentum_Financial_Services_Group_Momentum_Financial_Services_Gr.jpg\" title=\"Momentum Financial Services Group (CNW Group\/Momentum Financial Services Group)\" alt=\"Momentum Financial Services Group (CNW Group\/Momentum Financial Services Group)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>With the expansion of its credit facility, Momentum Financial Services Group now has additional capital to fund its growing loan receivables portfolio and meet the needs of its North American customers. The additional funds will be used to repay the 2023 secured loan facility and fuel further expansion in eligible loan receivables.<\/p>\n<p>&#8220;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,&#8221; said <span class=\"xn-person\">Peter Kalen<\/span>, CEO of Momentum Financial Services Group. &#8220;With increased access to capital, we are well-positioned to meet rising demand, expand our lending capabilities, and continue empowering our customers with the financial solutions on which they rely.&#8221;<\/p>\n<p>&#8220;We are excited to continue our longstanding relationship with the team at Momentum Financial Services Group,&#8221; said <span class=\"xn-person\">Felix Zhang<\/span>, Partner in the Ares Alternative Credit strategy. &#8220;As a scaled capital provider, Ares Alternative Credit looks forward to supporting the continued growth of Momentum and its portfolio of Canadian and U.S. consumer loans.&#8221;<\/p>\n<p>\n        <b>Momentum Financial Services Group<\/b>\n      <\/p>\n<p>Momentum Financial Services Group is a leading provider of accessible financial solutions, dedicated to empowering individuals and families to achieve their goals. As the team behind trusted brands like Money Mart\u00ae and The Check Cashing Store\u00ae, making up over 360 stores in <span class=\"xn-location\">Canada<\/span> and 60 in <span class=\"xn-location\">the United States<\/span>, Momentum specializes in providing flexible omni-channel solutions that fit real-life needs, whether it&#8217;s a quick personal loan, cheque cashing, money transfers, or currency exchange.<\/p>\n<p>Operating across <span class=\"xn-location\">North America<\/span>, Momentum Financial Services Group leverages decades of expertise to meet the evolving needs of their customers. Momentum&#8217;s mission is to provide fast, flexible, and reliable financial tools, helping communities thrive with confidence and security.<\/p>\n<p>For more information, visit <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4454947-1&amp;h=4280551349&amp;u=https%3A%2F%2Fwww.mfsg.com%2F&amp;a=www.mfsg.com\" target=\"_blank\" rel=\"nofollow\">www.mfsg.com<\/a>.<\/p>\n<p>\n        <b>Ares Management Corporation<\/b>\n      <\/p>\n<p>Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of <span class=\"xn-chron\">March 31, 2025<\/span>, Ares Management Corporation&#8217;s global platform had approximately <span class=\"xn-money\">$546 billion<\/span> of assets under management, with operations across <span class=\"xn-location\">North America<\/span>, <span class=\"xn-location\">South America<\/span>, <span class=\"xn-location\">Europe<\/span>, <span class=\"xn-location\">Asia Pacific<\/span> and the <span class=\"xn-location\">Middle East<\/span>. For more information, please visit <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4454947-1&amp;h=2326096516&amp;u=https%3A%2F%2Fwww.aresmgmt.com%2F&amp;a=www.aresmgmt.com\" target=\"_blank\" rel=\"nofollow\">www.aresmgmt.com<\/a>.<\/p>\n<p>\n        <b><br \/>\n          <span>Media:<br \/><\/span><br \/>\n        <\/b><br \/>\n        <span>MFSG<br \/><\/span><br \/>\n        <span><br \/>\n          <a href=\"mailto:pr@moneymart.com\" target=\"_blank\" rel=\"nofollow\">pr@moneymart.com<\/a><br \/>\n        <\/span>\n      <\/p>\n<p>\n        <span>Ares<br \/><\/span><br \/>\n        <span><br \/>\n          <span class=\"xn-person\">Jacob Silber<\/span> | <span class=\"xn-person\">Lauren Sullivan<\/span><br \/><\/span><br \/>\n        <span><br \/>\n          <a href=\"mailto:media@aresmgmt.com\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <span>media@aresmgmt.com<\/span><br \/>\n          <\/a><br \/>\n        <\/span>\n      <\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=TO16363&amp;sd=2025-06-24\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/momentum-financial-services-group-secures-c657-9-million-loan-facility-renewal-with-ares-management-to-support-growth-302488746.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/momentum-financial-services-group-secures-c657-9-million-loan-facility-renewal-with-ares-management-to-support-growth-302488746.html<\/a><\/p>\n<p>SOURCE  Momentum Financial Services Group<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=TO16363&amp;Transmission_Id=202506240800PR_NEWS_USPR_____TO16363&amp;DateId=20250624\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire With an expanded C$657.9 million loan facility from Ares Management Alternative Credit funds, Momentum Financial Services Group reinforces its commitment to funding growth, enhancing liquidity, and meeting the evolving financial needs of its North American Money Mart customers. TORONTO , June 24, 2025 \/PRNewswire\/ &#8211; Momentum Financial Services Group, a provider of a variety of financial solutions under the Money Mart\u00ae and The Check Cashing Store\u00ae brands, is pleased to announce the successful renewal and upsize of its secured loan facility with Ares Management Alternative Credit funds (&#8220;Ares&#8221;). As part of this renewal, Ares has increased its commitment from C$575 million to C$657.9 million. With the expansion of its credit facility, Momentum Financial Services Group now has additional &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/momentum-financial-services-group-secures-c657-9-million-loan-facility-renewal-with-ares-management-to-support-growth\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Momentum Financial Services Group Secures C$657.9 Million Loan Facility Renewal with Ares Management to Support Growth&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-863080","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Momentum Financial Services Group Secures C$657.9 Million Loan Facility Renewal with Ares Management to Support Growth - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/momentum-financial-services-group-secures-c657-9-million-loan-facility-renewal-with-ares-management-to-support-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Momentum Financial Services Group Secures C$657.9 Million Loan Facility Renewal with Ares Management to Support Growth - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire With an expanded C$657.9 million loan facility from Ares Management Alternative Credit funds, Momentum Financial Services Group reinforces its commitment to funding growth, enhancing liquidity, and meeting the evolving financial needs of its North American Money Mart customers. TORONTO , June 24, 2025 \/PRNewswire\/ &#8211; Momentum Financial Services Group, a provider of a variety of financial solutions under the Money Mart\u00ae and The Check Cashing Store\u00ae brands, is pleased to announce the successful renewal and upsize of its secured loan facility with Ares Management Alternative Credit funds (&#8220;Ares&#8221;). As part of this renewal, Ares has increased its commitment from C$575 million to C$657.9 million. 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TORONTO , June 24, 2025 \/PRNewswire\/ &#8211; Momentum Financial Services Group, a provider of a variety of financial solutions under the Money Mart\u00ae and The Check Cashing Store\u00ae brands, is pleased to announce the successful renewal and upsize of its secured loan facility with Ares Management Alternative Credit funds (&#8220;Ares&#8221;). As part of this renewal, Ares has increased its commitment from C$575 million to C$657.9 million. With the expansion of its credit facility, Momentum Financial Services Group now has additional &hellip; Continue reading \"Momentum Financial Services Group Secures C$657.9 Million Loan Facility Renewal with Ares Management to Support Growth\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/momentum-financial-services-group-secures-c657-9-million-loan-facility-renewal-with-ares-management-to-support-growth\/","og_site_name":"Market Newsdesk","article_published_time":"2025-06-24T12:27:02+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/2716977\/Momentum_Financial_Services_Group_Momentum_Financial_Services_Gr.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/momentum-financial-services-group-secures-c657-9-million-loan-facility-renewal-with-ares-management-to-support-growth\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/momentum-financial-services-group-secures-c657-9-million-loan-facility-renewal-with-ares-management-to-support-growth\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Momentum Financial Services Group Secures C$657.9 Million Loan Facility Renewal with Ares Management to Support Growth","datePublished":"2025-06-24T12:27:02+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/momentum-financial-services-group-secures-c657-9-million-loan-facility-renewal-with-ares-management-to-support-growth\/"},"wordCount":549,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/momentum-financial-services-group-secures-c657-9-million-loan-facility-renewal-with-ares-management-to-support-growth\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/2716977\/Momentum_Financial_Services_Group_Momentum_Financial_Services_Gr.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/momentum-financial-services-group-secures-c657-9-million-loan-facility-renewal-with-ares-management-to-support-growth\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/momentum-financial-services-group-secures-c657-9-million-loan-facility-renewal-with-ares-management-to-support-growth\/","name":"Momentum Financial Services Group Secures C$657.9 Million Loan Facility Renewal with Ares Management to Support Growth - 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