Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Vistra Corp. incurred term loan of $700,000,000.00 with Citibank, N.A., as Administrative Agent and Collateral Agent at Term SOFR plus 2.75% per annum or ABR plus 1.75% per annum maturing April 30, 2031.
- Instrument
- term loan
- Principal
- $700,000,000.00
- Counterparty
- Citibank, N.A., as Administrative Agent and Collateral Agent
- Rate
- Term SOFR plus 2.75% per annum or ABR plus 1.75% per annum
- Maturity
- April 30, 2031
- Event
- incurrence
Exact text from the filing
the meanings given to such terms in the Credit Agreement. The Credit Agreement provides for a senior secured term loan “B” (the “Term Loan”) in an aggregate principal amount of $700,000,000.00 (the “Principal Amount”), which the Borrower borrowed in its entirety on the Effective Date. The Term Loan matures on April 30, 2031 and will amortize in equal quarterly
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Vistra Corp. entered into Credit Agreement with Borrower, Lenders, Citibank (as Administrative Agent and Collateral Agent) valued at $700,000,000.00 (effective 2024-03-26).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Borrower, Lenders, Citibank (as Administrative Agent and Collateral Agent)
- Value
- $700,000,000.00
- Effective
- 2024-03-26
Exact text from the filing
On March 26, 2024 (the “Effective Date”), Vistra Zero Operating Company, LLC (in such capacity, the “Borrower”), an indirect, non-wholly owned subsidiary of Vistra Corp. (the “Company”), and the direct owner and operator of the Company’s 1.4 gigawatts of operating solar and battery storage facilities, entered into a Credit Agreement (the “Credit Agreement”) among the Borrower, the Lenders party thereto, Citibank, N.A., as Administrative Agent and Collateral Agent, and the other parties named therein.
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