Metis Energy Amends Loan Agreement with OCPL,Adding a US$10 Million Loan and Extending Repayment Term

NewTimeSpace News: On March 26, 2026, the board of directors of Metis Energy announced that the company had signed the second amendment deed with OCPL to adjust the terms of the previous loan agreement, so as to meet the financing needs of the group.

According to the announcement, the amendment mainly includes two core provisions: first, extending the repayment term of the original US$13 million loan from December 31, 2025 to December 31, 2026; second, adding a new loan facility of up to US$10 million, with an annual interest rate of the SOFR rate at the start of the SOFR interest period plus 2%, and the repayment term set for June 30, 2027.

Metis Energy stated that the original loan and the additional loan issued earlier have all been fully utilized, and this amendment will enhance financial flexibility to fund the development of renewable energy projects and project pipelines, among other needs. It is learned that OCPL is wholly owned by the controlling shareholder of Metis Energy, making this transaction a connected transaction.

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