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

Momentum Financial Services Group Expands Loan Facility

Momentum Financial Services Group, known for providing various financial solutions through its brands Money Mart® and The Check Cashing Store®, recently announced an important development in its financial strategy. The company has successfully renewed and expanded its secured loan facility with Ares Management, increasing the financial commitment from C$575 million to C$657.9 million. This additional funding is set to enhance the company’s liquidity, enabling it to better serve its evolving customer base across North America.

In recent communications, Peter Kalen, the CEO of Momentum Financial Services Group, expressed enthusiasm about the expanded credit facility. He emphasized that this partnership with Ares Management not only strengthens Momentum's operational capabilities but also reflects their ongoing commitment to connecting consumers with essential cash when they need it most. The newly increased capital will be allocated towards repaying existing loans and supporting further expansion in eligible loan receivables, a strategic move that positions Momentum to meet the rising demand in the financial marketplace.

The financial landscape continues to transform, with increasing competition and shifting consumer needs. Momentum Financial Services Group recognizes the importance of adapting to these changes, and the expansion of their credit facility is a decisive step in maintaining relevance in the financial services sector. It will equip the company with the necessary capital to support its growing portfolio of loan receivables, ensuring customers have access to the financial solutions they need.

Felix Zhang, a partner at Ares Management, voiced optimism regarding the ongoing collaboration with Momentum. He highlighted their role as a scaled capital provider, emphasizing the importance of supporting Momentum's growth trajectory and their portfolio of consumer loans in both Canada and the United States. This continuing relationship underlines the trust Ares Management places in Momentum's operational strategies and growth potential.

Momentum Financial Services Group has established itself as a prominent provider of accessible financial solutions, aiming to empower individuals and families throughout their financial journeys. Operating over 360 stores in Canada and about 60 in the United States, the company offers flexible omni-channel services designed to meet real-life needs. Whether it’s securing a personal loan, cashing checks, facilitating money transfers, or providing currency exchanges, Momentum strives to deliver efficient financial tools that contribute to the economic well-being of its communities.

With decades of operational expertise at its disposal, Momentum is committed to leveraging its resources to address the dynamic needs of its customers. The expansion of their loan facility marks a significant move towards reinforcing their market position and ensuring they are well-equipped to meet future demands. Momentum's mission is clear: to provide fast, flexible, and reliable financial tools that help communities thrive and build confidence in their financial security.

Ares Management Corporation, the firm behind this expansion, is a leading global alternative investment manager, recognized for providing diverse investment solutions across various asset classes including credit, real estate, and private equity. The organization emphasizes the importance of flexible capital solutions that not only support businesses but also generate value for stakeholders and communities alike.

As of March 31, 2025, Ares has managed approximately $546 billion in assets globally, showcasing its robust market presence. By partnering with companies like Momentum, Ares Management aims to deliver consistent and attractive investment returns while supporting the growth of businesses across various sectors.

In conclusion, Momentum Financial Services Group's renewal and expansion of its loan facility with Ares Management mark a proactive approach to fostering business growth and meeting consumer demand amidst a dynamically changing financial landscape. The financial solutions offered by Momentum will continue to play a pivotal role in empowering customers and communities at large.

For more detailed information about Momentum Financial Services Group, visit their official website at www.mfsg.com.

Key Takeaway

This recent development not only highlights the strategic financial maneuvers of Momentum Financial Services Group but also underscores the critical importance of adaptive financing strategies in the modern financial services market.