17th Mar 2016 09:28
LONDON (Alliance News) - Kalibrate Technologies PLC on Thursday said it has secured a USD5.0 million revolving credit facility.
Kalibrate, which provides technology to the fuel services and convenience retail sectors, said it has secured the loan with PNC Bank, a unit of US lender PNC Financial Services Group Inc.
The two-year deal carries an interest rate of 2.0% above Libor.
Kalibrate intends using the funds for business development and working capital.
Shares in Kalibrate were untraded on Thursday, having last traded at 93.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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