---
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"
generated_at: "2026-06-04T04:44:23.723719+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Vistra Zero subsidiary inks $700M non-recourse term loan for solar/storage projects

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-083639
- JSON: https://secwatch.observer/filing/0001193125-24-083639.json
- Plain text: https://secwatch.observer/filing/0001193125-24-083639.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1692819/000119312524083639/0001193125-24-083639-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1692819/000119312524083639/0001193125-24-083639-index.htm

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