{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-171828","form_type":"8-K","ticker":"VST","cik":"0001692819","company_name":"Vistra Corp.","filed_at":"2023-06-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.075189+00:00","generated_at":"2026-06-13T19:07:24.499729+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Vistra subsidiary sells $450M P-Caps to fund trust for collateral and future note issuance","bullets":["Palomino Funding Trust I sold 450,000 P-Caps at $1,000 each for $450M total to qualified institutional buyers.","Proceeds invested in U.S. Treasury securities; Vistra Operations has right to issue up to $450M of 7.233% Senior Secured Notes due 2028.","P-Caps mature May 17, 2028; note interest payable semi-annually, redeemable at 101% on change-of-control events.","Facility includes a 3.3608% p.a. facility fee on unexercised Issuance Right, with mandatory exercise triggers including net worth below $1.5B."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-171828","json":"https://secwatch.observer/filing/0001193125-23-171828.json","markdown":"https://secwatch.observer/filing/0001193125-23-171828.md","text":"https://secwatch.observer/filing/0001193125-23-171828.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1692819/000119312523171828/0001193125-23-171828-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1692819/000119312523171828/d520634d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T19:07:24.499729+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9871cfdf25af8867e12e01adfe014970531c9651","claim":"Vistra Corp. entered into Facility Agreement with Palomino Funding Trust I, The Bank of New York Mellon Trust Company, N.A., as senior secured notes trustee valued at $450 million (effective 2023-06-15).","evidence_excerpt":"Vistra Operations and the subsidiary guarantors named therein entered into a facility agreement, dated June 15, 2023 (the “Facility Agreement”), with the Trust and the Bank of New York Mellon Trust Company, N.A., as senior secured notes trustee","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1692819/000119312523171828/0001193125-23-171828-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Palomino Funding Trust I, The Bank of New York Mellon Trust Company, N.A., as senior secured notes trustee"},{"label":"Value","value":"$450 million"},{"label":"Effective","value":"2023-06-15"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}