- 01
PCF Group S.A. formally terminated two credit facility agreements with Bank Polska Kasa Opieki S.A. on September 6, 2024.
- 02
The cancelled facilities consisted of a 30,000,000 PLN revolving credit line and a 4,426,444 EUR revolving credit line.
- 03
The company had zero utilization of these credit lines, as no requests for funds were submitted since the agreements were established in October 2023.
- 04
The termination will become effective following a ten-business-day notice period after the bank receives the formal declaration.
- 05
The management board has initiated the process to release all collateral and securities associated with these credit obligations to clear company assets of liens.
- 06
The move signals a strategic shift in financing, indicating that the company is no longer relying on these specific credit facilities for its work-for-hire game production projects.