Vistra Corp. updated its fiscal year 2026 guidance (reaffirmed).
“Reaffirmed 2026 Ongoing Operations Adjusted EBITDA 1 and Ongoing Operations Adjusted FCFbG 1 guidance ranges of $6.8 billion to $7.6 billion and $3.925 billion to $4.725 billion, respectively.”
Earnings Releases
Vistra Corp. reported quarter ended March 31, 2026 results: net income $1,029 million. Guidance reaffirmed.
“For the quarter ended March 31, 2026, Vistra reported Net Income of $1,029 million and Ongoing Operations Adjusted EBITDA 1 of $1,494 million.”
Shareholder Votes
Vistra Corp. shareholders approved Ratification of the Appointment of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm for the Year Ending December 31, 2026 at the 2026-04-29 meeting.
“Proposal Three - Ratification of the Appointment of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm for the Year Ending December 31, 2026 . Voting results were as follows: For Against Abstain 288,487,158 7,437,594 123,763”
Shareholder Votes
Vistra Corp. shareholders approved Approval, on an Advisory Basis, of 2025 Named Executive Officer Compensation at the 2026-04-29 meeting.
“Proposal Two - Approval, on an Advisory Basis, of 2025 Named Executive Officer Compensation . Voting results were as follows: For Against Abstain Broker Nonvotes 261,024,789 8,309,496 286,966 26,427,264”
Shareholder Votes
Vistra Corp. shareholders approved Election of Directors at the 2026-04-29 meeting.
“Proposal One - Election of Directors - Voting results for Proposal One were as follows: Scott B. Helm: For Against Abstain Broker Nonvotes 268,284,135 1,204,910 132,206 26,427,264 Hilary E. Ackermann: For Against Abstain Broker Nonvotes 264,452,593 5,042,235 126,423 26,427,264 Arcilia C. Acosta: For Against Abstain Broker Nonvotes 267,743,088 1,586,807 291,356 26,427,264 Gavin R. Baiera: For Against Abstain Broker Nonvotes 269,205,277 284,077 131,897 26,427,264 Paul M. Barbas: For Against Abstain Broker Nonvotes 267,629,809 1,848,590 142,852 26,427,264 James A. Burke: For Against Abstain Broker Nonvotes 269,285,474 204,155 131,622 26,427,264 Lisa Crutchfield: For Against Abstain Broker Nonvotes 267,713,838 1,776,429 130,984 25,793,966 Julie A. Lagacy: For Against Abstain Broker Nonvotes 266,884,346 2,607,494 129,411 25,793,966 John W. (Bill) Pitesa: For Against Abstain Broker Nonvotes 269,207,881 279,501 133,869 25,793,966 John R. (J. R.) Sult: For Against Abstain Broker Nonvotes 268,1”
Debt Financings
Vistra Corp. incurred senior notes of $4.0 billion aggregate principal amount with Wilmington Trust, National Association at 4.550% per annum on the 2028 Notes, at a rate of 5.000% on the 2031 Notes, at a maturing October 30, 2028; April 30, 2031; April 30, 2033; April 30, 2036.
“completed its previously announced private offering (the “Offering”) of $4.0 billion aggregate principal amount of the Issuer’s senior notes, consisting of $500.0 million aggregate principal amount of the Issuer’s 4.550% senior notes due 2028 (the “2028 Notes”), $1.0 billion aggregate principal amount of the Issuer’s 5.000% senior notes due 2031 (the “2031 Notes”), $1.0 billion aggregate principal amount of the Issuer’s 5.250% senior notes due 2033 (the “2033 Notes”) and $1.5 billion aggregate principal amount of the Issuer’s 5.550% senior notes due 2036 (the “2036 Notes””
Material Agreements
Vistra Corp. entered into Indenture with Wilmington Trust, National Association valued at $4.0 billion aggregate principal amount (effective 2026-04-22).
“The Notes were issued under an indenture (the “Base Indenture”), dated as of April 22, 2026, by and between the Issuer and Wilmington Trust, National Association, as trustee”
Debt Financings
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.
“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”).”
Material Agreements
Vistra Corp. entered into Twenty-Third Supplemental Indenture with Wilmington Trust, National Association valued at $2.250 billion (effective 2026-01-22).
“completed its previously announced private offering (the "Offering") of $2.250 billion aggregate principal amount of the Issuer’s senior secured notes”
Material Agreements
Vistra Corp. entered into Debt Commitment Letter with Goldman Sachs Bank USA valued at Up to approximately $2.0 billion in senior secured bridge loans under a 364-day senior secured bridg (effective 2025-12-31).
“In connection with its entry into the Transaction Agreements, Buyer entered into a debt commitment letter, dated December 31, 2025, and related fee letters with Goldman Sachs Bank USA (“GSB”), pursuant to which, and subject to the terms and conditions set forth therein, GSB has committed to provide up to approximately $2.0 billion in an aggregate principal amount of senior secured bridge loans under a 364-day senior secured bridge loan credit facility (the “Acquisition Bridge Facility”).”
Material Agreements
Vistra Corp. entered into Agreement and Plan of Merger with Hamilton Holdings II, LLC valued at Approximately $2.3 billion in cash plus 5,000,000 shares of Vistra common stock valued at $185 per s (effective 2025-12-31).
“Concurrently with the execution of the Purchase Agreement, Buyer and TSVME LLC, a Delaware limited liability company and wholly owned subsidiary of Buyer (“Merger Sub”), entered into an Agreement and Plan of Merger (the “Merger Agreement”, and, together with the Purchase Agreement, the “Transaction Agreements”, and each a “Transaction Agreement”) with Hamilton Holdings II, LLC, a Delaware limited liability company and indirect subsidiary of the Acquired Company (the “Target Company”), and Seller solely for purposes of Article II of the Merger Agreement and in its capacity as Members’ Representative (as defined in the Merger Agreement).”
Material Agreements
Vistra Corp. entered into Purchase and Sale Agreement with Q-Generation Holdings, LLC valued at Approximately $2.3 billion in cash plus 5,000,000 shares of Vistra common stock valued at $185 per s (effective 2025-12-31).
“On December 31, 2025, Vistra Operations Company LLC, a Delaware limited liability company (“Buyer”) and an indirect wholly owned subsidiary of Vistra Corp. (“Vistra”), and, for the limited purposes set forth therein, Vistra, entered into a Purchase and Sale Agreement (the “Purchase Agreement”) with Q-Generation Holdings, LLC (the “Seller”).”
M&A Transactions
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”
Debt Financings
Vistra Corp. incurred senior notes of $2 billion aggregate principal amount with private placement qualified institutional buyers at 4.300% per annum on the 2028 Notes, 4.600% per annum on the 2030 Notes, 5.250% p maturing October 15, 2028 for the 2028 Notes, October 15, 2030 for the 2030 Notes, October 15, 2035 for the 2035 Notes.
“On October 10, 2025, 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 billion aggregate principal amount of the Issuer's senior secured notes, consisting of $750 million aggregate principal amount of 4.300% senior secured notes due 2028 (the "2028 Notes"), $500 million aggregate principal amount of the Issuer's 4.600% senior secured notes due 2030 (the "2030 Notes"), and $750 million aggregate principal amount of the Issuer's 5.250% senior secured notes due 2035 (the "2035 Notes" and, together with the 2028 Notes and the 2030 Notes, the "Secured Notes").”
Governance Changes
Vistra Corp.: Board approved an amendment to the Bylaws to conform to the Supermajority Amendment, replacing supermajority voting standards with a simple majority standard (effective 2025-05-02).
“Contingent upon stockholder approval of the Supermajority Amendment at the Annual Meeting and the subsequent filing of the Amended and Restated Certificate of Incorporation, the Board approved an amendment to the Company’s amended and restated bylaws (the “Bylaws”), to conform the Bylaws to the proposed Supermajority Amendment, as described above.”
Governance Changes
Vistra Corp.: Stockholders approved three Charter Amendments: officer exculpation, repeal of waiver of corporate opportunities, and removal of supermajority voting standards for amending certificate of incorporation (effective 2025-05-02).
“The Charter Amendments effected the following changes, respectively: (i) the exculpation from liability for certain Company officers under certain circumstances, as permitted by Delaware law; (ii) the repeal of provisions relating to the waiver of corporate opportunities in favor of former principal stockholders of the Company; and (iii) the removal of the 66 2/3% supermajority voting standards for the Company’s stockholders to amend certain provisions of the Restated Certificate of Incorporation, replacing such provisions with a simple majority standard in each case, as applicable following the stockholder vote (the “Supermajority Amendment”).”
Stephen J. Muscato resigned as Executive Vice President and President of Vistra Wholesale Operations & Development at Vistra Corp..
“On November 19, 2024, Stephen J. Muscato notified Vistra Corp. (the “Company”) that, after more than 25 years of service, he will resign from his position as Executive Vice President and President of Vistra Wholesale Operations & Development effective January 1, 2025, and retire from the Company on or about April 1, 2025.”
Governance Changes
Vistra Corp.: Amended and Restated Bylaws adopted: revisions to stockholder nomination and proposal procedures, stockholder list and adjournment mechanics (DGCA updates), special board meeting notice, and new proxy access provisions (effective 2024-10-30).
“On October 30, 2024, the Board of Directors (the “Board”) of Vistra Corp. (the “Company”) approved and adopted the Amended and Restated Bylaws of the Company (the “Amended and Restated Bylaws”), which became effective as of such date. Among other things, the amendments effected by the Amended and Restated Bylaws: (i) revise procedural mechanics and disclosure requirements applicable to stockholder nominations of directors and submissions of proposals regarding other business at stockholder meetings; (ii) modify the provisions relating to lists of stockholders entitled to vote at stockholder meetings and adjournment procedures at stockholder meetings, in each case to reflect amendments to the Delaware General Corporation Law; (iii) permit special meetings of the Board to be called on less than 24 hours’ notice, if necessary; and (iv) implement new proxy access provisions.”
Earnings Releases
Vistra Corp. reported the quarter ended March 31, 2024 results: net income $18 million.
“On May 8, 2024, Vistra Corp. (the “Company”) issued a news release announcing, among other matters, its financial results for the quarter ended March 31, 2024.”
Shareholder Votes
Vistra Corp. shareholders approved Ratification of the Selection of Deloitte & Touche LLP as the Company’s Independent Registered Public Accounting Firm for the Year Ending December 31, 2024 at the 2024-05-01 meeting.
“Proposal Five - Ratification of the Selection of Deloitte & Touche LLP as the Company’s Independent Registered Public Accounting Firm for the Year Ending December 31, 2024 . Voting results were as follows: For Against Abstain 318,479,492 6,595,792 187,008”
Shareholder Votes
Vistra Corp. shareholders approved Approval of an Amendment to the Company’s 2016 Omnibus Incentive Compensation Plan to Increase the Number of Shares Available for Issuance to Plan Participants at the 2024-05-01 meeting.
“Proposal Four – Approval of an Amendment to the Company’s Omnibus Incentive Plan to Increase the Number of Shares Available for Issuance to Plan Participants . Voting results were as follows: For Against Abstain Broker Nonvotes 297,393,823 10,435,667 822,129 16,610,673”
Shareholder Votes
Vistra Corp. shareholders approved Approval, on an Advisory Basis, whether the Advisory Stockholder Vote on the Compensation of Named Executive Officers Should Occur Every One, Two or Three Years at the 2024-05-01 meeting.
“Proposal Three - Approval, on an Advisory Basis, whether the Advisory Stockholder Vote on the Compensation of Named Executive Officers Should Occur Every One, Two or Three Years . Voting results were as follows: 1 yr 2 yrs 3 yrs Abstain Broker Nonvotes 298,543,802 470,539 9,435,372 201,905 16,610,673”
Shareholder Votes
Vistra Corp. shareholders approved Approval, on an Advisory Basis, of Named Executive Officer Compensation at the 2024-05-01 meeting.
“Proposal Two - Approval, on an Advisory Basis, of Named Executive Officer Compensation . Voting results were as follows: For Against Abstain Broker Nonvotes 304,395,966 3,365,159 890,494 16,610,673”
Shareholder Votes
Vistra Corp. shareholders approved Election of Directors at the 2024-05-01 meeting.
“Proposal One - Election of Directors - Voting results for Proposal One were as follows: Scott B. Helm: For Against Abstain Broker Nonvotes 307,368,437 1,085,691 197,491 16,610,673 Hilary E. Ackermann: For Against Abstain Broker Nonvotes 296,030,267 12,414,731 206,621 16,610,673 Arcilia C. Acosta: For Against Abstain Broker Nonvotes 306,756,347 1,689,237 206,035 16,610,673 Gavin R. Baiera: For Against Abstain Broker Nonvotes 307,741,030 705,076 205,513 16,610,673 Paul M. Barbas: For Against Abstain Broker Nonvotes 306,485,990 1,967,200 198,429 16,610,673 James A. Burke: For Against Abstain Broker Nonvotes 308,112,254 353,050 186,315 16,610,673 Lisa Crutchfield: For Against Abstain Broker Nonvotes 307,763,525 687,549 200,545 16,610,673 Julie A. Lagacy: For Against Abstain Broker Nonvotes 308,022,772 417,264 211,583 16,610,673 John W. (Bill) Pitesa: For Against Abstain Broker Nonvotes 308,353,454 98,667 199,498 16,610,673 John R. Sult: For Against Abstain Broker Nonvotes 307,759,299 689,6”
Debt Financings
Vistra Corp. incurred senior notes of $1 billion at 6.875% maturing April 15, 2032.
“$1 billion aggregate principal amount of the Issuer’s 6.875% senior unsecured notes due 2032”
Debt Financings
Vistra Corp. incurred senior notes of $500 million at 6.000% maturing April 15, 2034.
“$500 million aggregate principal amount of the Issuer’s 6.000% senior secured notes due 2034”
Debt Financings
Vistra Corp. incurred guarantee with MUFG Bank, Ltd..
“Repurchase Facility Joinder In connection with the existing repurchase facility, on April 8, 2024, Energy Harbor, together with TXU Retail, as seller party agent, Vistra Operations, as guarantor, and MUFG Bank, Ltd. (“MUFG”), as buyer, entered into a Joinder Agreement (the “Joinder Agreement”), whereby Energy Harbor (i) became party to that certain Master Framework Agreement, dated as of October 9, 2020 (as amended, supplemented or otherwise modified from time to time, the “Framework Agreement”), by and among TXU Retail, Dynegy, Dynegy East, Ambit, Trieagle, Value Brands and MUFG and (ii) granted MUFG a security interest in the Subordinated Note to secure its obligations under the Framework Agreement.”
Debt Financings
Vistra Corp. amended credit facility of increased from $750 million to $1,000 million with Credit Agricole Corporate and Investment Bank.
“of August 21, 2018 (as amended, supplemented or otherwise modified from time to time, the “RPA”) among TXU Receivables, as seller, TXU Retail, as servicer, Vistra Operations, as performance guarantor, certain purchaser agents and purchasers named therein and Credit Agricole Corporate and Investment Bank (“Credit Agricole”), as administrator.”
Material Agreements
Vistra Corp. entered into Joinder Agreement to Master Framework Agreement with MUFG Bank, Ltd. valued at No monetary value specified (effective 2024-04-08).
“On April 8, 2024, Energy Harbor, together with TXU Retail, as seller party agent, Vistra Operations, as guarantor, and MUFG Bank, Ltd. (“MUFG”), as buyer, entered into a Joinder Agreement (the “Joinder Agreement”), whereby Energy Harbor (i) became party to that certain Master Framework Agreement, dated as of October 9, 2020 (as amended, supplemented or otherwise modified from time to time, the “Framework Agreement”), by and among TXU Retail, Dynegy, Dynegy East, Ambit, Trieagle, Value Brands and MUFG and (ii) granted MUFG a security interest in the Subordinated Note to secure its obligations under the Framework Agreement.”
Material Agreements
Vistra Corp. amended Purchase and Sale Agreement Amendment with TXU Retail, Dynegy, Dynegy East, Ambit, Trieagle, Value Brands, Energy Harbor valued at No monetary value specified (effective 2024-04-08).
“TXU Receivables, TXU Retail, Dynegy Energy Services, LLC (“Dynegy”), Dynegy Energy Services (East), LLC (“Dynegy East”), Ambit Texas, LLC (“Ambit”), Trieagle Energy LP (“Trieagle”), Value Based Brands, LLC (“Value Brands”) and Energy Harbor entered into an amendment (the “PSA Amendment” and together with the RPA Amendment, the “Receivable Amendments”) to the Purchase and Sale Agreement, dated as of August 21, 2018 (as amended, supplemented or otherwise modified from time to time, the “PSA”), among TXU Receivables, TXU Retail and certain originators named therein.”
Material Agreements
Vistra Corp. amended Receivables Purchase Agreement Amendment with Credit Agricole Corporate and Investment Bank valued at Increased from $750 million to $1,000 million (effective 2024-04-08).
“On April 8, 2024, TXU Energy Retail Company LLC (“TXU Retail”), TXU Energy Receivables Company LLC (“TXU Receivables”), a wholly owned subsidiary of TXU Retail, and Vistra Operations Company LLC (“Vistra Operations”), each of which are indirect, wholly owned subsidiaries of Vistra Corp., entered into an amendment (the “RPA Amendment”) to the Receivables Purchase Agreement dated as of August 21, 2018 (as amended, supplemented or otherwise modified from time to time, the “RPA”) among TXU Receivables, as seller, TXU Retail, as servicer, Vistra Operations, as performance guarantor, certain purchaser agents and purchasers named therein and Credit Agricole Corporate and Investment Bank (“Credit Agricole”), as administrator. The RPA Amendment amends certain provisions of the RPA to increase the aggregate commitment of the committed purchasers from $750 million to $1,000 million for the remaining term of the RPA.”
Debt Financings
Vistra Corp. incurred term loan of $700,000,000.00 with Citibank, N.A., as Administrative Agent and Collateral Agent at Term SOFR plus 2.75% per annum or ABR plus 1.75% per annum maturing April 30, 2031.
“the meanings given to such terms in the Credit Agreement. The Credit Agreement provides for a senior secured term loan “B” (the “Term Loan”) in an aggregate principal amount of $700,000,000.00 (the “Principal Amount”), which the Borrower borrowed in its entirety on the Effective Date. The Term Loan matures on April 30, 2031 and will amortize in equal quarterly”
Material Agreements
Vistra Corp. entered into Credit Agreement with Borrower, Lenders, Citibank (as Administrative Agent and Collateral Agent) valued at $700,000,000.00 (effective 2024-03-26).
“On March 26, 2024 (the “Effective Date”), Vistra Zero Operating Company, LLC (in such capacity, the “Borrower”), an indirect, non-wholly owned subsidiary of Vistra Corp. (the “Company”), and the direct owner and operator of the Company’s 1.4 gigawatts of operating solar and battery storage facilities, entered into a Credit Agreement (the “Credit Agreement”) among the Borrower, the Lenders party thereto, Citibank, N.A., as Administrative Agent and Collateral Agent, and the other parties named therein.”
M&A Transactions
Vistra Corp. completed an acquisition involving Energy Harbor Corp. for 85% of equity interests in Vistra Vision in the form of Class A units, with Class B Members holding 15% (closed 2024-03-01).
“), by and among Vistra Operations Company, LLC, a Delaware limited liability company (“ Parent ”) and an indirect wholly owned subsidiary of Vistra, Black Pen Inc., a Delaware corporation (“ Merger Sub ”) and an indirect wholly-owned subsidiary of Parent, and Energy Harbor Corp., a Delaware corporation (“ Energy Harbor ”), pursuant to which, among other things, Merger Sub merged with and into Energy Harbor (the “ Merger ”), with Energy Harbor continuing as the surviving entity following the completion of the Merger (the “ Surviving Corporation ”).”
John W. (Bill) Pitesa was elected as Director at Vistra Corp..
“the Board (i) increased the size of the Board from 11 members to 12 members and (ii) elected John W. (Bill) Pitesa to the Board, effective immediately.”
Earnings Releases
Vistra Corp. reported the year ended December 31, 2023 results: net income $1,492 million. Guidance reaffirmed.
“For the year ended Dec. 31, 2023, Vistra reported Net Income of $1,492 million, Net Income from Ongoing Operations 1 of $1,498 million, and Ongoing Operations Adjusted EBITDA 1 of $4,140 million.”
Material Agreements
Vistra Corp. amended A&R TRA with holders of approximately 74% of the outstanding TRA Rights (effective 2023-12-29).
“holders of approximately 74% of the outstanding TRA Rights consented to certain amendments to the TRA which were effected in an Amended and Restated Tax Receivables Agreement (the “A&R TRA”).”
Material Agreements
Vistra Corp. entered into a equity purchase with Selling Holders valued at approximately $476 million (effective 2023-12-29).
“On December 29, 2023, Vistra Corp. (the “Company”) repurchased (the “Repurchase”) approximately 68% and agreed to repurchase (the “Agreed Repurchase) an additional approximately 6% of the outstanding beneficial interests in the rights (the “TRA Rights”) to receive payments under the Tax Receivable Agreement, dated October 3, 2016 (the “TRA”), from a select group of registered holders of the TRA Rights (“Selling Holders”) in exchange for consideration of $1.50 per repurchased TRA Right, totaling an aggregate purchase price for the Repurchase and the Agreed Repurchase of approximately $476 million.”
Debt Financings
Vistra Corp. incurred senior notes of $350 million with Initial Purchasers at 7.750% per annum maturing October 15, 2031.
“and $350 million aggregate principal amount of the Issuer’s 7.750% senior unsecured notes due 2031 (the “Unsecured Notes” and, together with the Secured Notes, the “Notes”), which form a part of the same series as the Issuer’s outstanding 7.750% Senior Notes due 2031 issued on September 26, 2023, in a concurrent private offering (the “Unsecured Offering” and, together with the Secured Offering, the “Offerings”)”
Debt Financings
Vistra Corp. incurred senior notes of $400 million with Initial Purchasers at 6.950% per annum maturing October 15, 2033.
“by and among Vistra Operations, Citigroup Global Markets Inc. as representative of the several initial purchasers named in Schedule I thereto (the “Initial Purchasers”) and certain subsidiaries of the Issuer that are guarantors under that certain credit agreement, dated as of October 3, 2016, by and among the Issuer, Vistra Intermediate Company LLC, the guarantors party thereto, Credit Suisse AG, Cayman Islands Branch (as successor to Deutsche Bank AG New York Branch), as administrative and collateral agent, various lenders and letter of credit issuers party thereto, and the other parties named therein (as amended, restated, amended and restated, supplemented and/or otherwise modified from time to time, the “Credit Agreement”) (together with such other subsidiaries that become guarantors from time to time, the “Subsidiary Guarantors”), in connection with the offer and sale by the Issuer, and the purchase by the Initial Purchasers, of $400 million aggregate principal amount of the Issue”
Material Agreements
Vistra Corp. entered into a notes offering with Citigroup Global Markets Inc. as representative of the initial purchasers valued at $400 million and $350 million (effective 2023-12-11).
“As previously announced by Vistra Corp. (the “Company”) in its Current Report on Form 8-K filed on December 15, 2023 with the U.S. Securities and Exchange Commission, Vistra Operations Company LLC (“Vistra Operations” or the “Issuer”), an indirect, wholly owned subsidiary of the Company, entered into purchase agreements, dated December 11, 2023, by and among Vistra Operations, Citigroup Global Markets Inc. as representative of the several initial purchasers named in Schedule I thereto (the “Initial Purchasers”) and certain subsidiaries of the Issuer that are guarantors under that certain credit agreement, dated as of October 3, 2016, by and among the Issuer, Vistra Intermediate Company LLC, the guarantors party thereto, Credit Suisse AG, Cayman Islands Branch (as successor to Deutsche Bank AG New York Branch), as administrative and collateral agent, various lenders and letter of credit issuers party thereto, and the other parties named therein (as amended, restated, amended and restate”
Debt Financings
Vistra Corp. amended credit facility at increased by 25 basis points maturing extended to December 20, 2030.
“the maturity date applicable to the 2018 Incremental Term Loans (which include the 2023 Incremental Term Loan) was extended to December 20, 2030”
Debt Financings
Vistra Corp. incurred term loan of $6,823,437.50 with 2023 Incremental Term Loan Lender maturing December 20, 2030.
“the 2023 Incremental Term Loan Lender provided to the Borrower an incremental term loan (the “2023 Incremental Term Loan”) in an aggregate principal amount of $6,823,437.50, which 2023 Incremental Term Loan was added to (and made a part of) the same Class of Term Loans (and Series of Incremental Term Loans) as the 2018 Incremental Term Loans outstanding under the Credit Agreement immediately prior to giving effect to the Credit Agreement Amendment”
Material Agreements
Vistra Corp. amended Credit Agreement Amendment with Credit Suisse AG, Cayman Island Branch and Citibank, N.A. (effective 2023-12-20).
“On December 20, 2023 (the "Effective Date"), Vistra Operations Company LLC ("Vistra Operations") (in such capacity, "Borrower"), entered into an amendment (the "Credit Agreement Amendment") among Vistra Operations, Vistra Intermediate Company LLC, the guarantors party thereto, the 2023 Incremental Term Loan Lender, the other lenders party thereto, Credit Suisse AG, Cayman Island Branch, as Administrative and Collateral Agent, and the other parties named therein, which amended that certain Credit Agreement, dated as of October 3, 2016 (as amended, supplemented or otherwise modified from time to time, including by the Credit Agreement Amendment, the "Credit Agreement").”
Material Agreements
Vistra Corp. entered into Purchase Agreements with Citigroup Global Markets Inc., as representative of the several initial purchasers valued at $400 million aggregate principal amount of the Issuer's 6.950% senior secured notes due 2033 and $35 (effective 2023-12-11).
“On December 11, 2023, Vistra Operations Company LLC (“Vistra Operations” or the “Issuer”), an indirect wholly owned subsidiary of Vistra Corp. (the “Company”), entered into purchase agreements (together, the “Purchase Agreements”) by and among the Issuer, certain subsidiaries of the Issuer that are guarantors under the Credit Agreement (as defined below) (together with such other subsidiaries that become guarantors from time to time, the “Subsidiary Guarantors”), and Citigroup Global Markets Inc., as representative of the several initial purchasers named in Schedules I thereto (the “Initial Purchasers”), in connection with the offer and sale by the Issuer, and the purchase by the Initial Purchasers, of $400 million aggregate principal amount of the Issuer’s 6.950% senior secured notes due 2033 (the “Secured Notes”)”
Christy Dobry changed role as former Senior Vice President and Controller at Vistra Corp..
“Ms. Montemayor will succeed the Company’s former Senior Vice President and Controller, Christy Dobry, who will assume another role within the Company effective November 13, 2023.”
Margaret Montemayor was appointed as Senior Vice President, Chief Accounting Officer and Controller at Vistra Corp..
“On November 10, 2023, the board of directors (the “ Board ”) of Vistra Corp. (the “ Company ”) approved the appointment of Margaret Montemayor as Senior Vice President, Chief Accounting Officer and Controller of the Company, effective November 13, 2023.”
Earnings Releases
Vistra Corp. updated its 2024 guidance (initiated).
“Initiated Vistra standalone 2024 Ongoing Operations Adjusted EBITDA and Ongoing Operations Adjusted FCFbG 1 guidance ranges of $3.7 billion to $4.1 billion and $1.9 billion to $2.3 billion, respectively.”
Earnings Releases
Vistra Corp. reported third quarter ended September 30, 2023 results: net income $502 million. Guidance raised.
“On November 7, 2023, Vistra Corp. (the “Company”) issued a press release announcing, among other matters, its financial results for the quarter ended September 30, 2023.”
Debt Financings
Vistra Corp. amended revolving credit of increased from $1.350 billion to $1.575 billion with Citibank, N.A. maturing October 2, 2024.
“the aggregate Revolving Credit Commitments increased from $1.350 billion to $1.575 billion”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.