ReportPCF Group
Current Report No. 18/2023: Initiation of Negotiations for a Credit Agreement with Bank Polska Kasa Opieki S.A.
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Key insights
6 takeaways · ~2 min read- 01PCF Group S.A. is negotiating a revolving credit facility of up to PLN 50,000,000 with Bank Polska Kasa Opieki S.A. (Bank Pekao).
- 02The credit facility is intended to finance the costs associated with contract game production.
- 03The proposed term for utilizing the credit line and the final repayment date is up to 3 years from the credit agreement signing.
- 04The company received the financing terms from Bank Pekao on May 30, 2023, following approval by the bank's Credit Committee.
- 05Customary collateral for such transactions is expected to secure the company's obligations.
- 06The initiation of negotiations and receipt of financing terms do not guarantee the finalization of the credit agreement.
Summary
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.
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