Search by
On June 24, 2025, Momentum Financial Services Group announced the successful renewal and expansion of its secured loan facility with Ares Management’s Alternative Credit funds. The facility increased from $575 million to $657.9 million, marking a 14.4 percent rise. This additional capital will be utilized to repay the 2023 secured loan facility and to support the growth of Momentum's loan receivables portfolio across its North American operations, including its Money Mart® and The Check Cashing Store® brands. The partnership aims to enhance liquidity and meet the evolving financial needs of its customers.
Parties
Company
Momentum Financial Services Group
Company
Ares Management Corporation
Deal Type
Financing/InvestmentIndustry
Banking/FinanceTransaction
$ 657,900,000Deal Status
ActiveClosing Date