Magnis Energy Technologies (ASX:MNS) increased its secured debt facility with lender McEvoy Street to AU$8 million from AU$7.3 million, according to a May 23 filing with the Australian bourse.

McEvoy also plans to provide up to AU$5 million in additional funding over the next year to support operating and working capital needs, the filing said.

All other terms of the debt agreement remain unchanged.