PCF Group S.A. is negotiating a credit facility with Bank Polska Kasa Opieki S.A. for a total of 50 million PLN, consisting of a revolving credit facility and an overdraft line.
The primary purpose of the capital injection is to fund production costs for the company’s work-for-hire game development projects.
The proposed credit agreement features a three-year availability period, with a final repayment deadline set for three years after the contract's execution.
The company intends to secure the credit facility by providing standard collateral customary for financial transactions of this nature.
The bank's credit committee approved the financing terms on May 30, 2023, though the finalization of the agreement remains subject to ongoing legal and financial negotiations.
Management states that the receipt of these terms does not guarantee the ultimate execution of binding documentation.
PCF Group S.A., the Warsaw-based parent company of game developer People Can Fly, has formally entered negotiations with Bank Polska Kasa Opieki S.A. to secure a significant credit facility. This strategic financial move follows the receipt of financing terms approved by the bank's credit committee on May 30, 2023. The proposed agreement outlines a revolving credit facility and an overdraft line totaling a maximum of 50 million PLN.
The primary objective of this capital injection is to fund production costs associated with the company’s work-for-hire game development projects. The proposed terms specify a three-year availability period for the credit line, with the final repayment deadline set for three years after the execution of the agreement. To secure the facility, the company expects to establish standard collateral customary for transactions of this nature within the financial sector.
While the commencement of negotiations marks a definitive step toward strengthening the company's liquidity and production capacity, the finalization of the credit agreement remains subject to successful legal and financial discussions. The management board emphasizes that the receipt of these terms does not guarantee the ultimate execution of the binding documentation. This development reflects the company's ongoing efforts to stabilize its financial framework for long-term project delivery within the competitive global gaming market.
