Vistra Prices Private Offering of $2 Billion of Senior Secured Notes

Core Points - Vistra Corp. announced a private offering of $2 billion in senior secured notes, which includes three tranches: $750 million due 2028, $500 million due 2030, and $750 million due 2035 [1][2] - The interest rates for the notes are set at 4.300% for the 2028 Notes, 4.600% for the 2030 Notes, and 5.250% for the 2035 Notes [1] - The proceeds from the offering will be used for refinancing outstanding indebtedness, general corporate purposes, and to cover fees and expenses related to the offering [2] Financial Details - The 2028 Notes will be priced at 99.974% of their face value, the 2030 Notes at 99.933%, and the 2035 Notes at 99.691% [1] - The offering is expected to close on October 10, 2025, subject to customary closing conditions [3] Security and Guarantees - The notes will be senior, secured obligations of Vistra Operations Company LLC and will be guaranteed by certain subsidiaries [1] - The collateral for the notes includes a substantial portion of the property, assets, and rights owned by the issuer and subsidiary guarantors [1]