---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-248069"
form_type: "8-K"
ticker: "VST"
cik: "0001692819"
company_name: "Vistra Corp."
filed_at: "2023-10-02T23:59:59+00:00"
generated_at: "2026-06-10T06:24:13.470203+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Vistra closes $1.75B debt offering to finance Energy Harbor acquisition

## Summary
- Issued $650M of 6.950% senior secured notes due 2033 and $1.1B of 7.750% senior unsecured notes due 2031.
- Net proceeds of ~$1.73B after fees, to fund cash portion of Energy Harbor merger and for general corporate purposes.
- Secured notes are backed by a first-priority interest in collateral pledged under existing credit agreement.
- Concurrently amended credit agreements to permit Vistra Vision dispositions and certain other modifications.
- Interest payable semi-annually starting April 15, 2024; notes callable at make-whole or fixed prices depending on period.

## SEC filing metadata
- accession: 0001193125-23-248069
- form_type: 8-K
- ticker: VST
- cik: 0001692819
- company_name: Vistra Corp.
- filed_at: 2023-10-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692819/000119312523248069/0001193125-23-248069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692819/000119312523248069/d503539d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-248069
- JSON: https://secwatch.observer/filing/0001193125-23-248069.json
- Plain text: https://secwatch.observer/filing/0001193125-23-248069.txt

## Key facts
- Debt Financings
  Vistra Corp. incurred senior notes of $1.1 billion aggregate principal amount with Citigroup Global Markets Inc. as representative of the several initial purchasers at 7.750% per annum maturing October 15, 2031.
  - Instrument: senior notes
  - Principal: $1.1 billion aggregate principal amount
  - Counterparty: Citigroup Global Markets Inc. as representative of the several initial purchasers
  - Rate: 7.750% per annum
  - Maturity: October 15, 2031
  - Event: incurrence
  source text: of $650 million aggregate principal amount of the Issuer’s 6.950% senior secured notes due 2033 (the “Secured Notes”) in a private offering (the “Secured Offering”) and $1.1 billion aggregate principal amount of the Issuer’s 7.750% senior unsecured notes due 2031 (the “Unsecured Notes” and, together with the Secured Notes, the “Notes”) in a concurrent
  evidence_url: https://www.sec.gov/Archives/edgar/data/1692819/000119312523248069/0001193125-23-248069-index.htm
- Debt Financings
  Vistra Corp. incurred senior notes of $650 million aggregate principal amount with Citigroup Global Markets Inc. as representative of the several initial purchasers at 6.950% per annum maturing October 15, 2033.
  - Instrument: senior notes
  - Principal: $650 million aggregate principal amount
  - Counterparty: Citigroup Global Markets Inc. as representative of the several initial purchasers
  - Rate: 6.950% per annum
  - Maturity: October 15, 2033
  - Event: incurrence
  source text: that become guarantors from time to time, the “Subsidiary Guarantors”), 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 (the “Secured Notes”) in a private offering (the “Secured Offering”) and $1.1 billion aggregate
  evidence_url: https://www.sec.gov/Archives/edgar/data/1692819/000119312523248069/0001193125-23-248069-index.htm
- Material Agreements
  Vistra Corp. entered into Fourteenth Supplemental Indenture with Wilmington Trust, National Association valued at $650 million aggregate principal amount of the Issuer’s 6.950% senior secured notes due 2033 (effective 2023-09-26).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Wilmington Trust, National Association
  - Value: $650 million aggregate principal amount of the Issuer’s 6.950% senior secured notes due 2033
  - Effective: 2023-09-26
  source text: The Secured Notes were issued under an indenture (the “Base Indenture”), dated as of June 11, 2019, by and between the Issuer and Wilmington Trust, National Association, as trustee (the “Trustee”), as supplemented by that certain Fourteenth Supplemental Indenture, dated as of September 26, 2023, by and among the Issuer, the Subsidiary Guarantors and the Trustee
  evidence_url: https://www.sec.gov/Archives/edgar/data/1692819/000119312523248069/0001193125-23-248069-index.htm
- Material Agreements
  Vistra Corp. entered into Unsecured Notes Indenture with Wilmington Trust, National Association valued at $1.1 billion aggregate principal amount of the Issuer’s 7.750% senior unsecured notes due 2031 (effective 2023-09-26).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Wilmington Trust, National Association
  - Value: $1.1 billion aggregate principal amount of the Issuer’s 7.750% senior unsecured notes due 2031
  - Effective: 2023-09-26
  source text: The Unsecured Notes were issued under an indenture, dated as of September 26, 2023, by and among the Issuer, the Subsidiary Guarantors and the Trustee (the “Unsecured Notes Indenture”
  evidence_url: https://www.sec.gov/Archives/edgar/data/1692819/000119312523248069/0001193125-23-248069-index.htm

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