 Vista Land & Lifescapes, Inc.’s (VLL) wholly-owned subsidiary and an affiliate of the Company, VLL International, Inc. (VLLI), has obtained a US$150 million syndicated term loan facility at a rate of 6.40509% per annum. The obligations of VLLI under the loan facility are guaranteed by VLL and its subsidiaries namely Brittany Corporation, Crown Asia Properties, Inc., Camella Homes, Inc., Communities Philippines, Inc., Vistamalls, Inc., and Vista Residences, Inc. The proceeds of the term loan facility will be used for financing, refinancing or reimbursing (directly or indirectly) working capital and general corporate purposes of the VLL Group.
For the foregoing purpose, VLLI has entered into a Syndicated Term Loan Facility with Sumitomo Mitsui Banking Corporation Singapore Branch as Mandated Lead Arranger, Underwriter and Bookrunner, and Sumitomo Mitsui Banking Corporation as Facility Agent. |
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