Range International has locked in a A$454,000 secured loan facility at 18% interest to ramp up its rental pallet fleet following early commercial success in 2026.
- A$454K secured loan facility for 24 months
- Funds targeted at expanding rental pallet business
- 18% annual interest capitalised monthly
- Loan secured against rental pallets and manufacturing equipment
- No related party participation in the loan
Loan Facility to Fuel Rental Pallet Expansion
Range International Limited (ASX:RAN) has secured a A$454,000 loan facility designed to accelerate growth in its rental pallets business. The funds are fully drawn on execution and come with an 18% annual interest rate, capitalised monthly and paid quarterly. The loan term spans 24 months, with an option for early repayment after 18 months.
Strategic Move Following Early Validation
Executive Chairman Richard Jenkins highlighted the significance of the loan in the context of the company’s recent milestones. With the first rental pallets delivered early in 2026, Range has validated the commercial viability of this new revenue stream. Jenkins described the current pipeline of rental opportunities as “compelling,” underpinning confidence in further fleet expansion throughout the year.
Loan Terms and Security
The loan facility was arranged with professional and sophisticated investors, explicitly excluding directors, related parties, or substantial shareholders. It carries no establishment fee and is secured against the rental pallets manufactured by Range’s Indonesian subsidiary PT Repal Internasional Indonesia, as well as certain manufacturing equipment. These terms are typical for a facility of this nature, including standard representations, warranties, and enforcement rights.
Context in Range’s Growth Trajectory
This funding round follows a series of strategic steps by Range to pivot towards a rental model in Indonesia, aiming to create more stable, annuity-like revenue streams. The company has recently reported record sales and increased production capacity in its East Java factory. The loan facility supplements previous capital raises, including a A$1.58 million placement in late 2025, positioning Range to capitalise on Southeast Asia’s growing demand for sustainable, zero-waste plastic pallets.
Bottom Line?
Range’s secured loan injects fresh capital to scale its rental pallet fleet, but the high interest rate and repayment terms will require careful cash flow management as the business ramps up.
Questions in the middle?
- How quickly will the rental pallet fleet expand with this new capital injection?
- What impact will the 18% interest rate have on Range’s profitability and cash flow in 2026 and beyond?
- Will Range pursue additional funding rounds to further accelerate growth or diversify its revenue streams?