ReportPCF Group
Current Report No. 18/2023: Initiation of Negotiations for a Credit Agreement with Bank Polska Kasa Opieki S.A.
1 pages~1 min full read
PCF Group S.A. is negotiating a revolving credit line of up to PLN 50 million with Bank Polska Kasa Opieki S.A.
The proposed financing is specifically earmarked to cover production costs for the company's commissioned games.
The credit facility is structured as a renewable line with a repayment period extending up to three years from the date of contract signing.
The board of PCF Group S.A. officially initiated negotiations to finalize the credit documentation following receipt of terms on 30 May 2023.
The agreement remains subject to final documentation, and the current status of negotiations does not guarantee a binding contract.
The report announces that on 30 May 2023 the board of PCF Group S.A. received financing terms from Bank Polska Kasa Opieki S.A., confirmed by the bank’s Credit Committee. The proposed facility is a revolving credit line capped at PLN 50 million, intended to cover production costs for commissioned games. The line is renewable and the repayment period extends up to three years from contract signing, with customary collateral for such transactions. The board has decided to enter negotiations to finalize credit documentation under these terms, while noting that receipt of the terms and initiation of talks does not guarantee a binding agreement. The company will disclose final documentation in a separate report once executed.
