{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-083639","form_type":"8-K","ticker":"VST","cik":"0001692819","company_name":"Vistra Corp.","filed_at":"2024-04-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.633289+00:00","generated_at":"2026-06-04T04:44:23.723719+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Vistra Zero subsidiary inks $700M non-recourse term loan for solar/storage projects","bullets":["$700M senior secured Term Loan B executed by Vistra Zero Operating Company, owner of 1.4 GW solar/battery assets.","Loan matures April 2031; interest at SOFR+2.75% or ABR+1.75% per annum; no financial maintenance covenant.","Proceeds used for transaction costs, working capital, and to fund acquisition of initial projects from parent.","Obligations guaranteed by certain borrower subsidiaries but otherwise non-recourse to Vistra Operations Company.","Loan fully drawn on March 26, 2024, with 1% annual amortization and a soft-call premium within first 6 months."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-083639","json":"https://secwatch.observer/filing/0001193125-24-083639.json","markdown":"https://secwatch.observer/filing/0001193125-24-083639.md","text":"https://secwatch.observer/filing/0001193125-24-083639.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1692819/000119312524083639/0001193125-24-083639-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1692819/000119312524083639/d820354d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T04:44:23.723719+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":"46955312ef99a7d7a6c464679f30a601ec109198","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1692819/000119312524083639/0001193125-24-083639-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$700,000,000.00"},{"label":"Counterparty","value":"Citibank, N.A., as Administrative Agent and Collateral Agent"},{"label":"Rate","value":"Term SOFR plus 2.75% per annum or ABR plus 1.75% per annum"},{"label":"Maturity","value":"April 30, 2031"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"5005949fe6ee9b28208c8401252884ad24dbaf07","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1692819/000119312524083639/0001193125-24-083639-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Borrower, Lenders, Citibank (as Administrative Agent and Collateral Agent)"},{"label":"Value","value":"$700,000,000.00"},{"label":"Effective","value":"2024-03-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}