Vista Land & Lifescapes, Inc. ("VLL"), the parent company of Vistamalls Inc. ("STR"), has obtained a five-year corporate note facility amounting to PHP 6.0 billion. The Group made an initial drawdown of PHP 4.0 billion at a fixed rate of 6.6416% per annum. The proceeds of the corporate notes facility will be used to refinance existing or maturing obligations of the Group and for the other general corporate purposes.

For the foregoing purpose, VLL has entered into a Corporate Notes Facility Agreement with SB Capital Investment Corporation as Lead Arranger and Bookrunner, Security Bank Corporation - Trust and Asset Management Group as Facility Agent and Registrar, 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.