Vista Land & Lifescapes Inc., a property development arm of the Villar Group, said Wednesday its wholly-owned subsidiary, VLL International Inc., has issued an additional USD50 million in senior guaranteed notes.
Known as the “new notes,” VLL will consolidate the debt paper with the existing USD300 million, 9.375 percent senior guaranteed notes due 2029, raising the total size of this note series to USD350 million.
The new notes are part of VLL’s USD2 billion medium term note program, underscoring the company’s robust funding strategy and commitment to maintaining liquidity and financial flexibility.
The expanded bond issue is backed by guarantees from the company and its affiliated subsidiaries, including prominent names such as Brittany Corp., Camella Homes, Inc., Communities Philippines, Inc., Crown Asia Properties, Inc., Vista Residences, Inc., and Vistamalls, Inc.
By enlarging the issue size, VLL created greater leverage for pursuing future growth opportunities. The move was a proactive approach to optimize the capital structure of the company amidst evolving market conditions.
