VISTA LAND & LIFESCAPES, INC. Vista Land & Lifescapes, Inc., the parent company of Vistamalls Inc., has obtained a Three-Year Corporate Note Facility of up to PHP 12.0 billion. The Group made an initial drawdown of PHP 8.6 billion at a fixed rate of 7.9314% per annum. The proceeds of the corporate notes facility will be used to refinance existing or maturing obligations of the Group and for other general corporate purposes.
For the foregoing purpose, VLL has entered into a Corporate Notes Facility Agreement with BDO Capital & Investment Corporation and China Bank Capital Corporation as Lead Arrangers and Bookrunners and Union Bank of the Philippines as Joint Lead Arranger. China Banking Corporation Trust and Asset Management Group as Facility Agent, and VLL's subsidiaries namely Brittany Corporation, Crown Asia Properties, Inc., Camella Homes, Inc., Communities Philippines, Inc., Vista Residences, Inc., and STR as Subsidiary Guarantors.
