By Angela McDaniels
Tacoma, Wash., Jan. 27 – Vista Land & Lifescapes, Inc. priced $125 million of additional 7 3/8% senior guaranteed notes due 2022 through VLL International, Inc., according to a company announcement.
DBS Bank Ltd. and Hongkong and Shanghai Banking Corp. Ltd. were the joint global coordinators.
The original $300 million of notes priced at 99.597 on June 11, 2015 to yield 7.45%.
The total issue size is now $425 million.
The homebuilder is based in Mandaluyong City, Philippines.
| Issuer: | VLL International, Inc.
|
| Guarantor: | Vista Land & Landscapes Inc.
|
| Amount: | $125 million add-on
|
| Maturity: | June 18, 2022
|
| Description: | Senior guaranteed notes
|
| Bookrunners: | DBS Bank Ltd. and Hongkong and Shanghai Banking Corp. Ltd.
|
| Coupon: | 7 3/8%
|
| Trade date: | Jan. 27
|
| Settlement date: | Feb. 3
|
| Total issue size: | $425 million
|
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