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Kalibrate Technologies Secures $5MM Facility With PNC Bank

March 17, 2016, 07:45 AM
Filed Under: Technology
Related: PNC Bank

Kalibrate Technologies has secured a $5 million revolving credit facility. Kalibrate, which provides technology to the fuel services and convenience retail sectors, secured the loan with PNC Bank. The two-year deal carries an interest rate of 2.0% above LIBOR.

Kalibrate will use the funds for business development and working capital.

For over 20 years, Kalibrate has advised fuel and convenience retailers throughout the world on how to be best-in-class operators in the fast changing marketplace. Kalibrate’s global footprint and local presence are the result of a merger between two market leaders: KSS Fuels, the forerunner in fuel pricing automation, and MPSI, recognized leaders of retail location intelligence.

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