UMVA has learned that NEXTASIA LAND, Inc. has secured a major financial boost, obtaining a P300-million unsecured corporate note facility to fuel its ambitious expansion plans in Southern Luzon.
This significant transaction marks a milestone in the company's growth strategy, enabling it to strengthen its capital structure while maintaining the flexibility to pursue future opportunities. Chairman Crispin Y. Carreon emphasized the importance of this step in a statement, highlighting the company's focus on strategic market presence over mere size.
The funds raised will be instrumental in supporting project development and land acquisition within NEXTASIA's core growth areas. By tapping into the debt capital market, the company has successfully completed its first issuance, attracting qualified investors and demonstrating its appeal to the investment community.
According to information obtained by UMVA, the proceeds from this facility will be allocated towards funding projects and acquiring additional land, further solidifying NEXTASIA's market position. This move is expected to enhance the company's portfolio of residential and technology-enabled projects.
Industry experts have welcomed NEXTASIA's clear vision and growth prospects, with BPI Capital Corp. President Lester Ong noting that the company's disciplined approach to execution has been well received by investors. BPI Capital Corp. played a crucial role in the transaction, acting as sole arranger and bookrunner.
The partnership with BPI Asset Management and Trust Corp. will ensure the efficient management of the corporate notes, with BPI Asset Management and Trust Corp. serving as facility agent and paying agent. This development underscores NEXTASIA's strategic approach to expansion and its commitment to delivering high-quality projects.
