Desane Group Refinances Debt Facilities with NAB

Desane Group Holdings Limited (ASX: DGH), through its subsidiary Desane Properties Pty Ltd, has successfully refinanced its existing corporate debt facilities, transitioning from the Commonwealth Bank (CBA) to the National Australia Bank (NAB). The new facilities increase Desane’s total funding capacity to AU$18.8 million, representing an uplift of AU$6.0 million from previous arrangements. Independent valuations across four secured property assets — in Leichhardt, Wacol, and Lane Cove West — revealed a net valuation increase of AU$750,000, supporting the refinancing initiative.

The two-year NAB facility offers improved pricing, interest terms, and simplified covenants compared to CBA’s structure. The enhanced funding flexibility will assist Desane in progressing its proposed 44-unit industrial development in Penrith in 2026, reducing reliance on construction debt. CEO Rick Montrone described the refinancing as a pivotal milestone that strengthens the company’s capital structure, underpins its disciplined financial management, and supports its ongoing growth and shareholder returns.

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