Earlypay Limited (“Earlypay”) is an ASX listed (ASX: EPY) Non-Bank Financial Institution (“NBFI”) that provides debtor finance, equipment finance and trade finance mainly to businesses across Australia.
FIIG Debt Capital Markets has arranged A$15m, 5.80% Class B Notes for the Classic Equipment Finance Trust (the primary funding vehicle for the Earlypay group’s secured equipment lending) to refinance the temporary support provided by AOFM during the pandemic.
This transaction evidences that the capital markets have now fully recovered from previous instability and provides issuers with confidence to obtain funding as AOFM seeks to exit the market.