Vistra Corp. (VST): debt financing — Vistra closes $1.5B debt offering: $500M secured notes at 6.000% due 2034, $1B unsecured at 6.875% due 2032

Vistra Corp.

Net proceeds of approximately $1.485B after fees and original issue discount.
Secured notes ($500M, 6.000%) mature April 15, 2034; unsecured notes ($1B, 6.875%) mature April 15, 2032.
Proceeds will be used for general corporate purposes, including refinancing of 2024 debt maturities.
Collateral securing the secured notes will be released upon investment grade rating from two of three agencies.
Interest payable semi-annually on April 15 and October 15, starting October 15, 2024.

item 1.01 item 2.03 item 9.01

Key facts

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 senior notes of $500 million at 6.000% maturing April 15, 2034.

Instrument: senior notes
Principal: $500 million
Rate: 6.000%
Maturity: April 15, 2034
Event: incurrence

Exact text from the filing

$500 million aggregate principal amount of the Issuer’s 6.000% senior secured notes due 2034

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Vistra Corp. incurred senior notes of $1 billion at 6.875% maturing April 15, 2032.

Instrument: senior notes
Principal: $1 billion
Rate: 6.875%
Maturity: April 15, 2032
Event: incurrence

Exact text from the filing

$1 billion aggregate principal amount of the Issuer’s 6.875% senior unsecured notes due 2032

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Source: SEC EDGAR

accession 0001193125-24-100770

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