Momentum Financial Services Group Renews Loan Facility with Ares and Upsizes to C$810 Million to Support Continued Growth
Momentum Financial Services Group announced the renewal and upsize of its secured loan facility with Ares Alternative Credit funds, increasing it by C$152.1 million to C$810 million and extending the term through January 2029. The expanded facility is intended to support continued growth in Canada and fund new products expected to launch in Canada and the United States.
Why it matters — This arrangement shows Ares Alternative Credit funds expanding lending capacity with an existing borrower under an extended facility, which is relevant to watchers of Ares' credit activities.