Vista Land & Lifescapes Inc. said it has secured a P3.4 billion, three-year loan for refinancing purposes.
It obtained the loan through its four subsidiaries, Vistamalls Inc., Brittany Corp., Camella Homes Inc., and Crown Asia Properties Inc. It did not say from where the loan came.
Based on the company’s financial statement as of the end of March, the company has total liabilities of P240.12 billion, of which P85.96 billion is due in the next 12 months.
Of these current liabilities, or obligations maturing in 12 months, the company’s contracted liabilities amounted to P1.84 billion, P18.82 billion in maturing bank loans, P3.74 billion in loans payable, P27.28 billion in notes payable, and P679 million in lease liabilities.
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