Vistra launches $1.75B notes offering to fund Energy Harbor acquisition and general purposes

Vistra Corp.

$650M senior secured notes due 2033 at 6.950% and $1.1B senior unsecured notes due 2031 at 7.750%.
Proceeds to fund cash component of Energy Harbor merger, refinance debt, and pay fees.
Offerings not conditioned on merger completion; closing expected Sept. 26, 2023.
Secured notes collateralized by same assets as Credit Agreement; collateral releases upon investment-grade rating.
Notes sold in private placement under Rule 144A and Regulation S.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Vistra Corp. entered into Purchase Agreements with Citigroup Global Markets Inc., as representative of the several initial purchasers valued at $650 million aggregate principal amount of the Issuer's 6.950% senior secured notes due 2033 and $1. (effective 2023-09-12).

Action: entry
Agreement: notes offering
Counterparty: Citigroup Global Markets Inc., as representative of the several initial purchasers
Value: $650 million aggregate principal amount of the Issuer's 6.950% senior secured notes due 2033 and $1.
Effective: 2023-09-12

Exact text from the filing

in connection with the offer and sale by the Issuer, and the purchase by the Initial Purchasers, of $650 million aggregate principal amount of the Issuer’s 6.950% senior secured notes due 2033

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Vistra Corp. filing history →

Source: SEC EDGAR

accession 0001193125-23-236277

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