secwatch.observer — SEC 8-K summary
======================================

Issuer:     Vistra Corp. (VST)
CIK:        0001692819
Form:       8-K
Filed at:   2026-01-27T23:59:59+00:00
Accession:  0001193125-26-024837
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vistra issues $2.25B senior secured notes to fund Cogentrix Energy acquisition
------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692819/000119312526024837/0001193125-26-024837-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692819/000119312526024837/d102638d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-024837

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer