{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-024837","form_type":"8-K","ticker":"VST","cik":"0001692819","company_name":"Vistra Corp.","filed_at":"2026-01-27T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.910617+00:00","generated_at":"2026-05-16T07:33:36.884272+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Vistra issues $2.25B senior secured notes to fund Cogentrix Energy acquisition","bullets":["Issued $1.0B of 4.700% notes due 2031 and $1.25B of 5.350% notes due 2036.","Net proceeds approximately $2.225B after fees, original issue discount, and commissions.","Proceeds to fund portion of Cogentrix Energy acquisition, repay debt, and general corporate purposes.","Interest payable semi-annually on Jan 31 and Jul 31 starting Jul 31, 2026.","Notes secured by first-priority lien on substantial assets; collateral releases upon investment grade rating."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-024837","json":"https://secwatch.observer/filing/0001193125-26-024837.json","markdown":"https://secwatch.observer/filing/0001193125-26-024837.md","text":"https://secwatch.observer/filing/0001193125-26-024837.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1692819/000119312526024837/0001193125-26-024837-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1692819/000119312526024837/d102638d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T07:33:36.884272+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"dfca6437e76a4af849ed49ec82e143573700a86f","claim":"Vistra Corp. incurred senior notes of $2.250 billion aggregate principal amount with Wilmington Trust, National Association at 4.700% per annum on the 2031 Notes and 5.350% per annum on the 2036 Notes maturing January 31, 2031 for the 2031 Notes and January 31, 2036 for the 2036 Notes.","evidence_excerpt":"On January 22, 2026, Vistra Operations Company LLC (“Vistra Operations” or the “Issuer”), an indirect, wholly owned subsidiary of Vistra Corp., a Delaware corporation (the “Company” or “Vistra”), completed its previously announced private offering (the “Offering”) of $2.250 billion aggregate principal amount of the Issuer’s senior secured notes, consisting of $1.0 billion aggregate principal amount of the Issuer’s 4.700% senior secured notes due 2031 (the “2031 Notes”), and $1.250 billion aggregate principal amount of the Issuer’s 5.350% senior secured notes due 2036 (the “2036 Notes” and, together with the 2031 Notes, the “Secured Notes”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1692819/000119312526024837/0001193125-26-024837-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$2.250 billion aggregate principal amount"},{"label":"Counterparty","value":"Wilmington Trust, National Association"},{"label":"Rate","value":"4.700% per annum on the 2031 Notes and 5.350% per annum on the 2036 Notes"},{"label":"Maturity","value":"January 31, 2031 for the 2031 Notes and January 31, 2036 for the 2036 Notes"},{"label":"Event","value":"incurrence"}]},{"claim_id":"43eb9ab8a301c6a771f3a2219979764b14aa1bdf","claim":"Vistra Corp. entered into Twenty-Third Supplemental Indenture with Wilmington Trust, National Association valued at $2.250 billion (effective 2026-01-22).","evidence_excerpt":"completed its previously announced private offering (the \"Offering\") of $2.250 billion aggregate principal amount of the Issuer’s senior secured notes","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1692819/000119312526024837/0001193125-26-024837-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Wilmington Trust, National Association"},{"label":"Value","value":"$2.250 billion"},{"label":"Effective","value":"2026-01-22"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}