Vistra to acquire remaining 15% stake in Vistra Vision for $3.248B, closing Dec. 31

Vistra Corp.

Vistra will pay $3.248B (NPV $3.085B at 6% discount) for Nuveen/Avenue's 15% interest in Vistra Vision.
Purchase price paid in five installments from Dec. 2024 through Dec. 2026; closing expected Dec. 31, 2024.
Transaction is forecasted to be immediately accretive and exceed mid-teens levered return thresholds.
Vistra reaffirms $2.25B share repurchases in 2024-2025 and $1B in 2026; $300M annual dividends unchanged.
No regulatory approvals required; Vistra will own 100% of Vistra Vision's nuclear, solar, battery, and retail assets.

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