Sydney’s Rixon Capital has agreed terms to provide a $30 million debt facility to DelayPay, a buy now, pay later player that specialises in lending to the agricultural sector.
The debt is structured as a three-year facility across a $20 million senior secured tranche and a $10 million accordion. Rixon will syndicate $10 million of the total across its network, given the size exceeds its investment mandate.
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