Range International Locks in $454K Debt Facility to Grow Rental Pallet Fleet
Range International locks in $454K secured loan to accelerate rental pallet fleet growth
Range International (ASX: RAN), a manufacturer of Re>Pal™ zero-waste plastic pallets, has entered into a secured loan facility totalling A$454K with professional and sophisticated investors to fund growth of its rental pallets business. The facility carries a 24-month term, is fully drawn on execution, and carries no establishment fee, making capital immediately available without upfront cost.
Richard Jenkins, Executive Chairman
“With the delivery of the first rental pallets in early 2026, the Company has successfully validated the commercial viability of this opportunity. The CY26 pipeline of rental opportunities remains compelling and supports confidence in further fleet growth…”
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Loan facility terms at a glance
The material terms of the facility are straightforward and structured to minimise near-term cash pressure while preserving operational flexibility.
| Term | Detail | Notes | Significance |
|---|---|---|---|
| Facility amount | A$454K | Fully drawn on execution | Immediate capital availability |
| Loan term | 24 months from commencement | Early repayment at Company’s election after 18 months | Flexible exit |
| Interest rate | 18% per annum | Capitalised monthly, paid quarterly | No upfront cash burden |
| Establishment fee | Nil | — | No cost to access funds |
| Security | Rental pallets (PT Repal Internasional Indonesia) + certain manufacturing equipment | — | Asset-backed structure |
Governance around the facility is clearly defined:
- No related parties, directors, or substantial shareholders participated in the Loan Facility
- Arranged with professional and sophisticated investors, some of whom are existing shareholders
- The Board retains the right to increase the facility size at its discretion
Why the rental pallets model matters for investors
Unlike outright pallet sales, a rental model generates recurring revenue each time a pallet is deployed in the field. Rather than a single transaction, Range earns income over the life of the pallet’s deployment, with fleet size directly driving revenue potential. Every additional pallet placed with a customer represents an ongoing income stream, making fleet growth a measurable indicator of business momentum.
Range’s pallets are manufactured using its proprietary ThermoFusion™ technology, producing zero-waste, 100% upcycled plastic pallets sold under the Re>Pal™ brand. This manufacturing capability underpins the rental opportunity, providing a durable, differentiated product for the fleet.
For investors, three points from the announcement are particularly relevant:
- First rental pallets were delivered in early 2026, with the company stating commercial viability has been validated
- The CY26 pipeline of rental opportunities has been described as “compelling” by Executive Chairman Richard Jenkins
- Fleet growth is being funded through secured debt, avoiding dilution to existing shareholders
The loan directly funds more pallets in the field, which translates to more rental revenue as the fleet scales.
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What’s next for Range International
Proceeds from the A$454K facility are earmarked to accelerate rental pallet fleet growth across CY26 and beyond. The Board’s reserved right to accept further applications and increase the facility size signals an appetite for additional growth capital should opportunities warrant it, though no further commitment has been made at this stage. Range is deploying secured, non-dilutive capital at a moment of validated commercial momentum in its rental pallets business.
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