North America reports and market data

Raport bieżący nr 16/2023Podpisanie przez People Can Fly Canada Inc. umowy kredytowej oraz powiązanych dokumentów zabezpieczeń

People Can Fly Canada Inc., a subsidiary of PCF Group S.A. headquartered in Warsaw, entered into a financing agreement with the Bank of Montreal on 24 May 2023.

• People Can Fly Canada Inc. secured a financing agreement with the Bank of Montreal on 24 May 2023, consisting of a $1,200,000 general working-capital line and an $8,000,000 line for Canadian tax incentives.
• PCF Group S.A. provided a $9,200,000 unsecured guarantee to the bank to cover the loan obligations and associated securities of its Canadian subsidiary.
• The credit facilities are renewable annually and repayable on demand, with interest rates calculated based on the Canadian Prime Rate plus a negotiated margin.