Momentum Financial Services Group Renews Loan Facility with Ares and Upsizes to C$810 Million to Support Continued Growth

Momentum expands and extends its Ares-backed loan facility to C$810 million, adding optional capacity and funding runway through January 2029.

Rhea-AI Summary

Momentum Financial Services Group (AREA) has renewed and upsized its secured loan facility with Ares Alternative Credit funds to C$810 million. The commitment increased from C$657.9 million, an upsize of C$152.1 million, and includes an accordion feature that may provide up to an additional C$130 million of capacity. The facility’s term has been extended through January 2029. Momentum states that the larger facility will support growth in its Canadian loan receivables portfolio and help fund new products expected to launch in Canada and the United States. Ares Management Corporation (ARES) reports having over $671 billion in assets under management as of June 30, 2026.

Positive

• Loan facility upsized from C$657.9 million to C$810 million
• Facility includes an accordion feature for up to C$130 million additional capacity
• Facility extended through January 2029, lengthening funding visibility
• Additional capacity earmarked to support growth in Canadian loan receivables
• Funding expected to help launch new products in Canada and the U.S.

Negative

• None.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Renewed facility upsized by C$152.1 million and extended through January 2029

Provides additional financing capacity to support continued growth in Canada and fund new products expected to launch in Canada and the United States

TORONTO, Sept. 17, 2026 /PRNewswire/ -- Momentum Financial Services Group, a provider of financial solutions under the Money Mart® brand, is pleased to announce the renewal and upsize of its secured loan facility with Ares Alternative Credit funds ("Ares"). As part of this renewal, Ares has increased its commitment from C$657.9 million to C$810 million, with an accordion feature providing up to an additional C$130 million. The facility has also been extended through January 2029.

The expanded facility reflects the significant growth Momentum has experienced in its Canadian business over the past year. The additional financing capacity will support the company's growing loan receivables portfolio and help fund new products expected to launch in Canada and the United States in the near future.

"This renewal builds on a longstanding  and productive partnership with Ares and gives us the funding needed to keep pace with the growth we are seeing in Canada," said Peter Kalen, CEO of Momentum Financial Services Group. "It also positions us to bring new products to market in Canada and the U.S., expanding the range of financial solutions available to our customers and connecting them to money when they need it most."

"We are pleased to further extend our longstanding relationship with Momentum Financial Services Group as the company prepares to launch additional products in Canada and the U.S.," said Felix Zhang, Partner in Ares Alternative Credit. "As a scaled capital provider, we look forward to supporting the company's continued growth through this expanded facility."

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 the trusted brand, Money Mart®, making up over 360 stores in Canada and 60 in the United States, Momentum specializes in providing flexible omni-channel solutions that fit real-life needs, whether it's a quick personal loan, cheque cashing, money transfers, or currency exchange.

Operating across North America, Momentum Financial Services Group leverages decades of expertise to meet the evolving needs of their customers. Momentum's mission is to provide fast, flexible, and reliable financial tools, helping communities thrive with confidence and security.

For more information, visit www.mfsg.com.

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 advance our stakeholders' long-term goals by providing flexible capital that supports businesses and creates value for our investors and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of June 30, 2026, Ares Management Corporation's global platform had over $671 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit www.ares.com.

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SOURCE Momentum Financial Services Group

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the total potential size of Momentum’s renewed loan facility with Ares including the accordion feature?

The renewed secured loan facility has a committed size of C$810 million, with an accordion feature that provides up to an additional C$130 million of potential financing capacity.

How long does the renewed loan facility between Momentum Financial Services Group and Ares run?

The renewed and upsized loan facility has been extended through January 2029, providing a multi-year funding horizon.

How does Momentum describe the intended use of the expanded facility?

Momentum states that the additional financing capacity will support its growing loan receivables portfolio in Canada and help fund new products it expects to launch in both Canada and the United States in the near future.

Who are the main operating brands and geographies for Momentum Financial Services Group?

Momentum operates under the Money Mart brand, with over 360 stores in Canada and 60 in the United States, providing services such as personal loans, cheque cashing, money transfers and currency exchange.

What scale of assets under management does Ares Management Corporation report?

Ares Management Corporation reports that its global platform had over $671 billion of assets under management as of June 30, 2026, with operations across North America, South America, Europe, Asia Pacific and the Middle East.