Ares Management Upsizes Loan Facility to C$657.9 Million for Momentum Financial Services

MT Newswires Live

06/24

Ares Management (ARES) said Tuesday it has increased its loan commitment to Momentum Financial Services to C$657.9 million ($480 million) from the earlier $420 million.

Momentum said the additional funds will be used to repay the 2023 secured loan facility and for expansion in eligible loan receivables.

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