Form 8-K · Current Report · Filed 2024-04-01
Vistra Corp. Announces $700 Million Credit Agreement
On March 26, 2024, Vistra Zero Operating Company, LLC, a subsidiary of Vistra Corp., entered into a Credit Agreement providing for a senior secured term loan of $700 million.
- Filer
- Vistra Corp VST · NYSE
- Filed
- Accession
- 0001193125-24-083639
- CIK
- 0001692819
- Signal
- Medium impactUtilities
- Source
- Official filing on sec.gov ↗
Details
The loan matures on April 30, 2031, and will be used for transaction costs, working capital, and to finance the acquisition of initial projects. The agreement includes customary covenants and is guaranteed by certain subsidiaries of the Borrower, but is non-recourse to Vistra Operations and its other subsidiaries.
Items reported
Entry into a Material Definitive Agreement
Creation of a Direct Financial Obligation
Financial Statements and Exhibits
Market reaction
Close before filing
$69.65
Next session
+2.2%
Since filing
+112.8%
Latest close
$148.19
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from VST reporting the same item, with the next session's move:
Exhibits (1)
About Vistra Corp
Vistra Corp is a prominent integrated energy company focused on providing utility and energy services primarily within the United States. It functions as a significant player in the industry by owning and operating a diverse portfolio of electricity generation assets, utilizing a range of energy sources including natural gas, nuclear, coal, and renewable resources. The company serves an extensive customer base, offering retail electricity and related services to residential, commercial, and industrial sectors. Vistra's operations are distinguished by its dedication to sustainable energy practices and its strategic initiatives in promoting cleaner energy solutions, aligning with global trends toward emission reduction. The company plays a critical role in ensuring energy reliability and affordability, balancing its conventional energy sources with an increasing focus on renewable and low-carbon technology integration. In the financial market, Vistra Corp is recognized for its substantial contribution to the energy sector, influencing electricity markets and utility services at local and national levels. Its comprehensive service offerings and a commitment to innovation continue to position Vistra as a pivotal entity in the evolving landscape of energy production and consumption.
Never miss another VST filing
Profitelligence watches EDGAR around the clock and alerts you within seconds.