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VLL raises $300-Million via debt offer

17 Jun

Vista Land & Lifescapes Inc. (VLL) raised $300 million from the sale of 7-year corporate notes through its subsidiary VLL International Inc.

It is the first 7-year tenor notes offered under its $1b debut medium term note program.

The bonds has a nominal rate of 7.375%.

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Proceeds from the offering “will primarily be used for refinancing, general working capital purposes and other general corporate purposes.”

The unsecured notes were issued as part of the com-pany’s liability management exercise designed to extend its US dollar notes due 2018 and 2019.

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Posted by on June 17, 2015 in Corporate News, Stock Market, VLL

 

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