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Vista Land unit prices 2 note series for planned redemption

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Vista Land unit prices 2 note series for planned redemption

Vista Land & Lifescapes Inc. subsidiary VLL International Inc. disclosed the prices for its 6.75% guaranteed notes due 2018 and 7.45% guaranteed notes due 2019, as it plans to redeem the outstanding amounts in full.

The US$100.0 million notes due 2018, with an outstanding amount of US$51.8 million, will be redeemed at 103.522% of the principal amount, plus accrued and unpaid interest. The US$225.0 million notes due 2019, with an outstanding amount at US$180.8 million, will be redeemed at 106.869% of the principal amount.

Redemption of the notes will take place Dec. 21 and both notes series will be canceled on the same day.