#Canada #Toronto #Ares Management #Momentum Financial #Money Mart

Momentum Financial Services Group Expands Loan Facility with Ares Management

In a significant move to bolster its operations, Momentum Financial Services Group has announced the renewal and upsize of its secured loan facility with Ares Alternative Credit funds. This facility has increased to C$810 million, up from C$657.9 million, with the potential for an additional C$130 million through an accordion feature. Scheduled to run through January 2029, this financial package aims to support Momentum's ongoing growth, particularly in Canada.

The partnership between Momentum and Ares exemplifies a strong, productive collaboration. The increased funding is particularly crucial as Momentum has witnessed robust growth within its Canadian operations over the past year. The financial uplift will allow the company to expand its loan receivables portfolio, which is essential for funding new products slated for launch in both Canada and the United States in the near term.

Peter Kalen, the CEO of Momentum Financial Services Group, commented on the significance of this renewal, stating, "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. 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."

Investment in new financial products is a priority for the company. The ongoing expansion of its offerings signifies Momentum's commitment to evolving with market demands and consumer needs. By enhancing its presence across North America, Momentum aims to cater to the diverse financial requirements of its customer base.

Felix Zhang, a Partner at Ares Alternative Credit, expressed satisfaction with the extended partnership, saying, "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. As a scaled capital provider, we look forward to supporting the company's continued growth through this expanded facility."

About Momentum Financial Services Group

Momentum Financial Services Group is well-known for providing accessible financial solutions under the trusted Money Mart® brand. With over 360 outlets across Canada and 60 in the United States, the company specializes in delivering flexible, omni-channel financial solutions that suit a range of real-life needs. These include personal loans, cheque cashing, money transfers, and currency exchange.

Operating throughout North America, Momentum draws on decades of industry expertise to address customer needs. Their mission is centered on offering reliable and swift financial tools, fostering confidence and security within communities.

For more information about the company and its offerings, you can visit their official website at www.mfsg.com.

About Ares Management Corporation

Ares Management Corporation (NYSE: ARES) is a prominent global alternative investment manager, providing clients with a diverse range of primary and secondary investment solutions. Operative across credit, real estate, private equity, and infrastructure asset classes, Ares seeks to achieve long-term goals for its stakeholders by offering flexible capital solutions that create value for investors and communities alike.

As of June 30, 2026, Ares Management had over $671 billion in assets under management, with operations spanning North America, South America, Europe, Asia Pacific, and the Middle East. More information can be found at www.ares.com.