secwatch / observer
8-K filed October 28, 2025, 7:59 PM ET ticker VST CIK 0001692819
M&A confidence high sentiment positive materiality 0.75

Vistra completes $1.9B acquisition of seven natural gas plants (2,600 MW) from Lotus Infrastructure Partners

Vistra Corp.

Machine-readable event card

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0001193125-25-253608
form_type
8-K
ticker
VST
cik
0001692819
company_name
Vistra Corp.
filed_at
2025-10-28T23:59:59+00:00
discovered_at
2026-05-14T18:02:40.163333+00:00
generated_at
2026-05-17T01:57:16.550459+00:00
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materiality_score
0.75
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0.75
confidence
high
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https://www.sec.gov/Archives/edgar/data/1692819/000119312525253608/0001193125-25-253608-index.htm
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https://www.sec.gov/Archives/edgar/data/1692819/000119312525253608/d912702d8k.htm
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Source-grounded claims

4d76e7e0c911f2c7ed76c350b59a6b4754239412

Vistra Corp. completed an acquisition involving Lotus Infrastructure Partners (via NEP Holdco 1, L.L.C., NatGas Fund Holdings, L.L.C., SEIF III NatGas Holdings, L.L.C., and Edgewater Parent, LLC) for $1.9 billion (closed 2025-10-22).

(the transactions contemplated by the Purchase Agreement, the “ Transactions ”). The Purchase Price (as defined in the Purchase Agreement) consisted of a base purchase price of $1.9 billion subject to certain customary adjustments, including the Acquired Companies’ working capital, cash, indebtedness, and certain other adjustments, as specified in the Purchase

SEC 8-K Item 2.01/5.01 confidence 0.9 SEC evidence

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(the transactions contemplated by the Purchase Agreement, the “ Transactions ”). The Purchase Price (as defined in the Purchase Agreement) consisted of a base purchase price of $1.9 billion subject to certain customary adjustments, including the Acquired Companies’ working capital, cash, indebtedness, and certain other adjustments, as specified in the Purchase

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pursuant to which Buyer acquired from the Seller all of the issued and outstanding equity securities of Emerald Holding (the "Transaction") in exchange for GBP £337.5 million (approximately $452 million)

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(the transactions contemplated by the Purchase Agreement, the “ Transactions ”). The Purchase Price (as defined in the Purchase Agreement) consisted of a base purchase price of $1.9 billion subject to certain customary adjustments, including the Acquired Companies’ working capital, cash, indebtedness, and certain other adjustments, as specified in the Purchase

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(the transactions contemplated by the Purchase Agreement, the “ Transactions ”). The Purchase Price (as defined in the Purchase Agreement) consisted of a base purchase price of $1.9 billion subject to certain customary adjustments, including the Acquired Companies’ working capital, cash, indebtedness, and certain other adjustments, as specified in the Purchase

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KUBRA became an indirect wholly owned subsidiary of the Company. Pursuant to the Purchase Agreement, the aggregate cash purchase price for the Acquisition was approximately $372 million, subject to customary post-closing adjustments. The closing cash consideration was funded with a combination of cash on hand and borrowings under the Credit Agreement described

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(the transactions contemplated by the Purchase Agreement, the “ Transactions ”). The Purchase Price (as defined in the Purchase Agreement) consisted of a base purchase price of $1.9 billion subject to certain customary adjustments, including the Acquired Companies’ working capital, cash, indebtedness, and certain other adjustments, as specified in the Purchase

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same fact type: ma_transaction same SEC item: 2.01, 7.01, 9.01 same event type: m_and_a similar materiality

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(the transactions contemplated by the Purchase Agreement, the “ Transactions ”). The Purchase Price (as defined in the Purchase Agreement) consisted of a base purchase price of $1.9 billion subject to certain customary adjustments, including the Acquired Companies’ working capital, cash, indebtedness, and certain other adjustments, as specified in the Purchase

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same fact type: ma_transaction same SEC item: 2.01, 7.01, 9.01 same event type: m_and_a similar materiality

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(the transactions contemplated by the Purchase Agreement, the “ Transactions ”). The Purchase Price (as defined in the Purchase Agreement) consisted of a base purchase price of $1.9 billion subject to certain customary adjustments, including the Acquired Companies’ working capital, cash, indebtedness, and certain other adjustments, as specified in the Purchase

Comparable filing

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Filing page SEC filing

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same fact type: ma_transaction same SEC item: 2.01, 7.01, 9.01 same event type: m_and_a similar materiality

This filing

(the transactions contemplated by the Purchase Agreement, the “ Transactions ”). The Purchase Price (as defined in the Purchase Agreement) consisted of a base purchase price of $1.9 billion subject to certain customary adjustments, including the Acquired Companies’ working capital, cash, indebtedness, and certain other adjustments, as specified in the Purchase

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(the transactions contemplated by the Purchase Agreement, the “ Transactions ”). The Purchase Price (as defined in the Purchase Agreement) consisted of a base purchase price of $1.9 billion subject to certain customary adjustments, including the Acquired Companies’ working capital, cash, indebtedness, and certain other adjustments, as specified in the Purchase

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the Company purchased substantially all of the assets and certain specified liabilities of Seller for $14,000,000, subject to certain customary adjustments for working capital, transaction expenses, and cash, on the terms and subject to the conditions set forth in the Purchase Agreement (the “Transaction”). The Transaction closed simultaneously with the execution of the Purchase Agreement.

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Source: SEC EDGAR
accession 0001193125-25-253608

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