Metycle, a global supplier of secondary copper and aluminum, has secured a $150 million credit facility from Rivonia Road Capital, a global private capital manager focused on asset-backed lending.
The financing will support eligible transactions across the full trade cycle from supplier payment through buyer settlement, enabling Metycle to execute larger transactions, move greater volumes of secondary metals and expand supply to industrial buyers and smelters. It also provides a repeatable framework for financing complex physical commodity transactions with institutional private credit, enabling faster execution for suppliers and larger, more consistent flows of specified secondary feedstock for customers.
“Secondary metals do not lack demand. They lack predictability. Our opportunity is to make secondary supply behave more like an industrial raw material: specified, traceable and reliably delivered,” Rafael Suchan, co-founder and CEO of Metycle, said. “This facility gives us the capacity to finance substantially more material through that system and serve customers at a much greater scale.”
Daniel Zinn, co-founder and managing partner of Rivonia Road Capital, added, “We are proud to support Metycle’s next phase of growth. The company has built a differentiated platform that brings greater transparency, reliability and efficiency to the global recycled metals market, while helping meet growing demand for sustainable raw materials. We have been particularly impressed by the management team’s deep industry expertise, disciplined execution and clear vision for scaling the business.”
