---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-253608"
form_type: "8-K"
ticker: "VST"
cik: "0001692819"
company_name: "Vistra Corp."
filed_at: "2025-10-28T23:59:59+00:00"
generated_at: "2026-05-17T01:57:16.550459+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Acquired 100% membership interests in seven modern natural gas generation facilities totaling ~2,600 MW capacity.
- Base purchase price of $1.9B, funded with cash and assumption of ~$800M existing term loan.
- Assets located in PJM, New England, New York, and California competitive markets.
- Seller was Lotus Infrastructure Partners; deal closed Oct. 22, 2025 after regulatory approvals.
- CEO Jim Burke says acquisition is disciplined, opportunistic, enhances ability to deliver reliable power.

## SEC filing metadata
- accession: 0001193125-25-253608
- form_type: 8-K
- ticker: VST
- cik: 0001692819
- company_name: Vistra Corp.
- filed_at: 2025-10-28T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692819/000119312525253608/0001193125-25-253608-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692819/000119312525253608/d912702d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-253608
- JSON: https://secwatch.observer/filing/0001193125-25-253608.json
- Plain text: https://secwatch.observer/filing/0001193125-25-253608.txt

## Source-grounded claims
- claim_id: 4d76e7e0c911f2c7ed76c350b59a6b4754239412
  claim: 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).
  evidence_excerpt: (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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1692819/000119312525253608/0001193125-25-253608-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.