Updated Mar 17, 2026 by PCF Group
People Can Fly Canada Inc. has signed a letter of intent with the Bank of Montreal for 9.2 million CAD in demand revolving credit facilities.
The financing package allocates 8 million CAD specifically to bridge anticipated Canadian tax credits and 1.2 million CAD for general working capital.
Parent company PCF Group S.A. will serve as the full guarantor for the 9.2 million CAD debt facility.
The credit arrangement is intended to optimize capital structure and support the studio's ongoing operations in North America.
Finalization of the credit documentation is targeted for approximately May 30, 2023, following the initial agreement reached on May 1, 2023.
The agreement remains subject to final contract execution, which is not guaranteed by the current letter of intent.
People Can Fly Canada Inc. has signed a letter of intent with the Bank of Montreal for 9.2 million CAD in demand revolving credit facilities.
The financing package allocates 8 million CAD specifically to bridge anticipated Canadian tax credits and 1.2 million CAD for general working capital.
Parent company PCF Group S.A. will serve as the full guarantor for the 9.2 million CAD debt facility.
The credit arrangement is intended to optimize capital structure and support the studio's ongoing operations in North America.
Finalization of the credit documentation is targeted for approximately May 30, 2023, following the initial agreement reached on May 1, 2023.
The agreement remains subject to final contract execution, which is not guaranteed by the current letter of intent.