Updated Mar 23, 2026 by PCF Group
PCF Group S.A. increased the unsecured guarantee for its subsidiary, People Can Fly Canada Inc., from 9.2 million to 13.154 million Canadian dollars as of November 15, 2024.
The revolving credit facility for People Can Fly Canada Inc. with the Bank of Montreal was expanded from 8 million to 11.954 million Canadian dollars.
To secure the increased credit exposure, the first-ranking hypothec over the movable property of the Canadian subsidiary was raised from 11.04 million to 15.7848 million Canadian dollars.
The primary purpose of the increased credit facility is to pre-finance future tax credits within the Canadian market.
These financial adjustments are limited to Canadian operations and do not alter the material terms or conditions of the original May 2023 financing agreement.
PCF Group S.A. increased the unsecured guarantee for its subsidiary, People Can Fly Canada Inc., from 9.2 million to 13.154 million Canadian dollars as of November 15, 2024.
The revolving credit facility for People Can Fly Canada Inc. with the Bank of Montreal was expanded from 8 million to 11.954 million Canadian dollars.
To secure the increased credit exposure, the first-ranking hypothec over the movable property of the Canadian subsidiary was raised from 11.04 million to 15.7848 million Canadian dollars.
The primary purpose of the increased credit facility is to pre-finance future tax credits within the Canadian market.
These financial adjustments are limited to Canadian operations and do not alter the material terms or conditions of the original May 2023 financing agreement.