Vista Land inks $150M loan deal

Villar-led Vista Land & Lifescapes, Inc., one of the Philippines’ leading integrated property developers and the country’s largest homebuilder, has raised $150 million from a syndicated term loan facility arranged by Sumitomo Mitsui Banking Corporation.

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In a disclosure to the Philippine Stock Exchange, the firm said its wholly owned subsidiary VLL International, Inc. (VLLI) has obtained the $150 million facility at a rate of 6.40509 percent per annum.

The obligations of VLLI under the loan facility are guaranteed by the Company and its subsidiaries namely Brittany Corporation, Crown Asia Properties, Inc., Camella Homes, Inc., Communities Philippines, Inc., Vistamalls, Inc., and Vista Residences, Inc.