Vista Land & Lifescapes Inc., the listed real estate development unit of the Villar Group, said Wednesday it obtained a three-year corporate note facility for up to P10 billion.
The company said it made an initial drawdown of P6.0 billion at a fixed annual rate of 7.6139 percent.
“The proceeds of the corporate notes facility will be used to refinance existing or maturing obligations and for other general corporate purposes,” Vista Land told the stock exchange.
Vista Land engaged BDO Capital & Investment Corp., China Bank Capital Corp., and SB Capital Investment Corp. as lead arrangers and bookrunners; China Banking Corp.–Trust and Asset Management Group as facility agent; and the Company’s subsidiaries namely Brittany Corp., Crown Asia Properties, Inc., Camella Homes, Inc., Communities Philippines, Inc., Vista Residences, Inc., and Vistamalls, Inc. as subsidiary guarantors.
