secwatch.observer — SEC 8-K summary
======================================

Issuer:     Vistra Corp. (VST)
CIK:        0001692819
Form:       8-K
Filed at:   2024-04-01T23:59:59+00:00
Accession:  0001193125-24-083639
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692819/000119312524083639/0001193125-24-083639-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692819/000119312524083639/d820354d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-083639

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer