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DESANE GROUP HOLDINGS LIMITED — Capital/Financing Update 2021
Jun 7, 2021
64769_rns_2021-06-07_d01fb7c4-b22e-46c3-8eff-1ef83ebd72d9.pdf
Capital/Financing Update
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ASX and Media release
ABN/ 61 003 184 932 ASX CODE/ DGH
8 June 2021
Suite 4, Jones Bay Wharf 26-32 Pirrama Road, Pyrmont NSW 2009 PO Box 331, Leichhardt NSW 2040 T/ 02 9555 9922 F/ 02 9555 9944 www.desane.com.au
DESANE COMPLETES $6M LONG TERM FUNDING AT 1.9%
Desane Properties Pty Limited, a controlled entity of Desane Group Holdings Limited (ASX: DGH ) (“Desane”), is pleased to announce that it has formalised a long term $6m loan facility with the Commonwealth Bank of Australia. The loan agreement will expire in July 2024.
This stand‐alone loan facility is secured by the Company’s Lane Cove industrial assets on a current loan to value ratio of 31.5%. The interest rate applicable for this loan is 1.9% pa variable.
For further information, please visit www.desane.com.au or please contact:
Phil Montrone OAM Jack Sciara Managing Director & CEO Company Secretary Desane Group Holdings Limited Desane Group Holdings Limited (02) 9555 9922 (02) 9555 9922 [email protected] [email protected]
ABOUT DESANE:
Desane Group Holdings Limited is a leading property investment and development company, based in Sydney, Australia. Integrity, work ethic and a commitment to excellence underpins the basis of Desane’s long term vision of ensuring maximum value for its shareholders.