Friday, September 14, 2007
PowerSecure Secures Credit Facility
PowerSecure International, Inc. of Wake Forest, NC, which provides energy technology products, services, and data management systems to industrial and commercial users, and suppliers of natural gas and electricity in the United States and internationally, has secured a $25 million credit facility from Citibank. The Company recently changed its name from Metretek Technologies. The funds will be used to refinance and expand an earlier credit facility with another bank and to finance growth.