Momentum Financial Services Group Secures C$657.9 Million Loan Facility Renewal with Ares Management to Support Growth
Ares Management (NYSE:ARES) has renewed and expanded its secured loan facility to Momentum Financial Services Group, increasing the commitment from C$575 million to C$657.9 million. The expanded facility will be used to repay the 2023 secured loan facility and fund growth in eligible loan receivables.
Momentum Financial Services Group, operating under the Money Mart庐 and The Check Cashing Store庐 brands, maintains over 360 stores in Canada and 60 in the United States. This renewal strengthens their partnership with Ares Management Alternative Credit funds, whose global platform managed approximately $546 billion in assets as of March 31, 2025.
Ares Management (NYSE:ARES) ha rinnovato e ampliato la sua linea di credito garantita a favore di Momentum Financial Services Group, aumentando l'impegno da C$575 milioni a C$657,9 milioni. La linea di credito ampliata sar脿 utilizzata per estinguere la linea di credito garantita del 2023 e finanziare la crescita dei crediti eleggibili.
Momentum Financial Services Group, che opera con i marchi Money Mart庐 e The Check Cashing Store庐, conta oltre 360 negozi in Canada e 60 negli Stati Uniti. Questo rinnovo rafforza la loro partnership con i fondi di credito alternativi di Ares Management, la cui piattaforma globale gestiva circa 546 miliardi di dollari in asset al 31 marzo 2025.
Ares Management (NYSE:ARES) ha renovado y ampliado su l铆nea de cr茅dito garantizada para Momentum Financial Services Group, aumentando el compromiso de C$575 millones a C$657.9 millones. La l铆nea ampliada se utilizar谩 para pagar la l铆nea de cr茅dito garantizada de 2023 y financiar el crecimiento de los pr茅stamos elegibles.
Momentum Financial Services Group, que opera bajo las marcas Money Mart庐 y The Check Cashing Store庐, cuenta con m谩s de 360 tiendas en Canad谩 y 60 en Estados Unidos. Esta renovaci贸n fortalece su asociaci贸n con los fondos de cr茅dito alternativo de Ares Management, cuya plataforma global gestionaba aproximadamente $546 mil millones en activos al 31 de marzo de 2025.
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Ares Management (NYSE:ARES) a renouvel茅 et 茅tendu sa facilit茅 de pr锚t garanti accord茅e 脿 Momentum Financial Services Group, augmentant l'engagement de 575 millions de dollars canadiens 脿 657,9 millions de dollars canadiens. Cette facilit茅 茅largie sera utilis茅e pour rembourser la facilit茅 de pr锚t garantie de 2023 et financer la croissance des cr茅ances 茅ligibles.
Momentum Financial Services Group, op茅rant sous les marques Money Mart庐 et The Check Cashing Store庐, poss猫de plus de 360 magasins au Canada et 60 aux 脡tats-Unis. Ce renouvellement renforce leur partenariat avec les fonds de cr茅dit alternatif d'Ares Management, dont la plateforme mondiale g茅rait environ 546 milliards de dollars d'actifs au 31 mars 2025.
Ares Management (NYSE:ARES) hat seine gesicherte Kreditfazilit盲t f眉r die Momentum Financial Services Group erneuert und erweitert und die Verpflichtung von C$575 Millionen auf C$657,9 Millionen erh枚ht. Die erweiterte Fazilit盲t wird verwendet, um die gesicherte Kreditfazilit盲t von 2023 zur眉ckzuzahlen und das Wachstum bei f枚rderf盲higen Forderungen zu finanzieren.
Momentum Financial Services Group, die unter den Marken Money Mart庐 und The Check Cashing Store庐 t盲tig ist, betreibt 眉ber 360 Filialen in Kanada und 60 in den USA. Diese Erneuerung st盲rkt die Partnerschaft mit den alternativen Kreditfonds von Ares Management, deren globale Plattform zum 31. M盲rz 2025 etwa 546 Milliarden US-Dollar an Verm枚genswerten verwaltete.
- Secured loan facility increased by C$82.9 million to C$657.9 million
- Additional capital available to fund growing loan receivables portfolio
- Strengthened partnership with major investment manager Ares Management
- Requires refinancing of 2023 secured loan facility
- Increased debt obligations could impact financial flexibility
Insights
Ares Management expands loan facility to Momentum Financial by 14.4% to C$657.9M, strengthening a key revenue-generating relationship.
This loan facility renewal represents a 14.4% increase from the previous C$575 million commitment, signaling Ares Management's growing confidence in Momentum Financial Services Group's business model and growth trajectory. For Ares, which manages approximately
The transaction is particularly noteworthy as it demonstrates Ares' ability to deepen existing client relationships while deploying capital in the alternative lending space. Momentum operates over 420 stores across North America under the Money Mart and Check Cashing Store brands, providing Ares with scaled exposure to short-term consumer lending through a single relationship.
From Ares' perspective, this renewed facility likely generates attractive risk-adjusted returns through interest and fees while maintaining security through collateralization against Momentum's loan receivables. The reference to their "longstanding relationship" suggests this partnership has performed well historically, validating Ares' credit underwriting approach in the consumer finance sector.
This transaction aligns with Ares' strategy of providing flexible capital across multiple asset classes while potentially offering better returns than traditional fixed income investments in the current market environment. For Ares shareholders, such expanded facilities represent the company's continued ability to grow assets under management and deploy capital at scale in alternative credit markets.
With an expanded
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.
"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," said Peter Kalen, CEO of Momentum Financial Services Group. "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."
"We are excited to continue our longstanding relationship with the team at Momentum Financial Services Group," said Felix Zhang, Partner in the Ares Alternative Credit strategy. "As a scaled capital provider, Ares Alternative Credit looks forward to supporting the continued growth of Momentum and its portfolio of Canadian and
Momentum Financial Services Group
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庐 and The Check Cashing Store庐, making up over 360 stores in
Operating across
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Ares Management Corporation
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 March 31, 2025, Ares Management Corporation's global platform had approximately
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