Core Viewpoint - Momentum Financial Services Group has successfully renewed and expanded its secured loan facility with Ares Management Alternative Credit funds, increasing the commitment from C$575 million to C$657.9 million, which will support its growth and liquidity needs [2][3][4]. Group 1: Company Overview - Momentum Financial Services Group is a leading provider of accessible financial solutions, operating over 360 stores in Canada and 60 in the United States under the Money Mart® and The Check Cashing Store® brands [5]. - The company specializes in flexible omni-channel solutions, including personal loans, cheque cashing, money transfers, and currency exchange [5][6]. Group 2: Financial Strategy - The expanded credit facility will provide additional capital to fund Momentum's growing loan receivables portfolio and meet the financial needs of its North American customers [3][4]. - The additional funds will be utilized to repay the existing 2023 secured loan facility and support further expansion in eligible loan receivables [3]. Group 3: Leadership and Partnerships - CEO Peter Kalen emphasized that the partnership with Ares Management is crucial for future growth and meeting rising demand for financial solutions [4]. - Ares Management Corporation, as a scaled capital provider, aims to support the continued growth of Momentum and its consumer loan portfolio [4][7].