$150m · Debt · Cleantech · Cologne, Germany
Cologne-based secondary-metals company Metycle has secured a $150m credit facility from Rivonia Road Capital to finance eligible copper and aluminium transactions from supplier payment through buyer settlement.
The disclosed figure is the facility's total capacity. Utilisation, pricing, maturity and collateral details were not disclosed.
Metycle trades secondary metals as principal and combines global sourcing and sales with physical processing and digital verification. The company says it traded more than €103m of material in the past year, up 150%, and operates with a team across 15 countries. The facility will let it execute larger transactions, move more recycled feedstock and supply industrial buyers and smelters with more consistent volumes.
Working capital is part of the recycling infrastructure
A metals trader can pay for material well before collecting from the final buyer, with cash tied up through sorting, storage, transport and settlement. Metycle's facility targets that cycle directly. More available credit can raise throughput without requiring the company to fund each larger trade from its equity balance sheet.
The lender still depends on the material being identifiable, saleable and matched to buyer specifications. Metycle's SmartSorting Hub and TrustTrack records are therefore more than operational software: consistent quality, custody and logistics data can reduce financing friction. The commercial test is whether those controls support larger volumes without losses or execution delays rising with them.
