Updated Mar 23, 2026 by PCF Group
People Can Fly Canada Inc. signed a letter of intent on 1 May 2023 to secure two revolving credit facilities totaling 9,200,000 CAD.
The financing package includes a 1,200,000 CAD facility for working capital and general corporate purposes, plus an 8,000,000 CAD facility specifically for Canadian tax-relief financing.
PCF Group S.A. acts as the guarantor for the full 9,200,000 CAD obligation, providing an unsecured guarantee to support its Canadian subsidiary.
The parties have set a target date of 30 May 2023 to finalize and execute the definitive credit documentation.
The agreement remains subject to successful negotiation, and the signing of the letter of intent does not guarantee the final execution of the credit facilities.
People Can Fly Canada Inc. signed a letter of intent on 1 May 2023 to secure two revolving credit facilities totaling 9,200,000 CAD.
The financing package includes a 1,200,000 CAD facility for working capital and general corporate purposes, plus an 8,000,000 CAD facility specifically for Canadian tax-relief financing.
PCF Group S.A. acts as the guarantor for the full 9,200,000 CAD obligation, providing an unsecured guarantee to support its Canadian subsidiary.
The parties have set a target date of 30 May 2023 to finalize and execute the definitive credit documentation.
The agreement remains subject to successful negotiation, and the signing of the letter of intent does not guarantee the final execution of the credit facilities.