Vistra issues $1.25B senior secured notes in two tranches (5.050% due 2026, 5.700% due 2034)

Vistra Corp.

Issued $500M of 5.050% notes due 2026 and $750M of 5.700% notes due 2034.
Net proceeds of ~$1,240M to refinance debt, including 2025 maturities, and fund early payout of Avenue equity interest in Vistra Vision.
Interest payable semi-annually on June 30 and Dec 30 starting June 30, 2025.
Notes secured by same collateral as existing credit agreement; collateral release upon investment grade rating from 2 of 3 agencies.
Redemption at make-whole premium for 2026 notes anytime, 2034 notes before Sep 30, 2034.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.