Ares Management Upsizes Momentum Financial Loan Facility

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Ares Management's (ARES) alternative credit funds renewed and upsized Momentum Financial Services' secured loan facility to CA$810 million ($579.2 million) from CA$657.9 million, Momentum said Thursday.

The facility was extended through January 2029 and includes an accordion feature for up to an additional CA$130 million, it added.

Ares Management shares were up 2.7% in Thursday trading.

Price: 128.21, Change: +4.00, Percent Change: +3.22

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