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Metis Energy Expands Loan Agreement to Boost Renewable Projects

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Metis Energy Expands Loan Agreement to Boost Renewable Projects

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Manhattan Resources Limited ( (SG:L02) ) just unveiled an announcement.

Metis Energy Limited has amended its Onward Tranche 2 Loan Agreement with Onward Capital Pte. Ltd., adding an additional loan facility of up to US$5 million. This amendment aims to bolster the company’s financial resources for renewable energy projects, with a repayment deadline set for December 31, 2026, at an interest rate pegged to the SOFR rate plus 2%.

More about Manhattan Resources Limited

Metis Energy Limited, incorporated in Singapore, operates in the renewable energy sector. The company focuses on financing capital expenditures for renewable energy projects and managing general working capital requirements.

YTD Price Performance: 13.64%

Average Trading Volume: 153,221

Technical Sentiment Signal: Sell

Current Market Cap: S$75.83M

See more insights into L02 stock on TipRanks’ Stock Analysis page.

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