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.
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