---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-26-017445"
form_type: "8-K"
ticker: "VST"
cik: "0001692819"
company_name: "Vistra Corp."
filed_at: "2026-04-28T23:59:59+00:00"
generated_at: "2026-05-15T02:53:07.918828+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Vistra Operations closes $4B senior notes offering; proceeds to repay 2027 notes and Term Loan B-3

## Summary
- Four tranches: $500M 4.550% due 2028, $1.0B 5.000% due 2031, $1.0B 5.250% due 2033, $1.5B 5.550% due 2036.
- Net proceeds ~$3.97B after fees; used to repay Senior Notes due Feb 2027 and Term Loan B-3, plus general corporate.
- Interest payable Apr 30 & Oct 30 from Oct 30, 2026; make-whole call and change-of-control put at 101%.
- Notes are unsecured senior obligations guaranteed by subsidiary guarantors; registration rights agreement for exchange offer.

## SEC filing metadata
- accession: 0001140361-26-017445
- form_type: 8-K
- ticker: VST
- cik: 0001692819
- company_name: Vistra Corp.
- filed_at: 2026-04-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692819/000114036126017445/0001140361-26-017445-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692819/000114036126017445/ef20071492_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-017445
- JSON: https://secwatch.observer/filing/0001140361-26-017445.json
- Plain text: https://secwatch.observer/filing/0001140361-26-017445.txt

## Source-grounded claims
- claim_id: 99fbda154ec260d02c0ed38c36df32ee1ec4236b
  claim: Vistra Corp. incurred senior notes of $4.0 billion aggregate principal amount with Wilmington Trust, National Association at 4.550% per annum on the 2028 Notes, at a rate of 5.000% on the 2031 Notes, at a maturing October 30, 2028; April 30, 2031; April 30, 2033; April 30, 2036.
  evidence_excerpt: completed its previously announced private offering (the “Offering”) of $4.0 billion aggregate principal amount of the Issuer’s senior notes, consisting of $500.0 million aggregate principal amount of the Issuer’s 4.550% senior notes due 2028 (the “2028 Notes”), $1.0 billion aggregate principal amount of the Issuer’s 5.000% senior notes due 2031 (the “2031 Notes”), $1.0 billion aggregate principal amount of the Issuer’s 5.250% senior notes due 2033 (the “2033 Notes”) and $1.5 billion aggregate principal amount of the Issuer’s 5.550% senior notes due 2036 (the “2036 Notes”
  evidence_url: https://www.sec.gov/Archives/edgar/data/1692819/000114036126017445/0001140361-26-017445-index.htm
- claim_id: abad2dfeaad21a39fcd59ce696cd48e16ab83b9e
  claim: Vistra Corp. entered into Indenture with Wilmington Trust, National Association valued at $4.0 billion aggregate principal amount (effective 2026-04-22).
  evidence_excerpt: The Notes were issued under an indenture (the “Base Indenture”), dated as of April 22, 2026, by and between the Issuer and Wilmington Trust, National Association, as trustee
  evidence_url: https://www.sec.gov/Archives/edgar/data/1692819/000114036126017445/0001140361-26-017445-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.