Vistra Prices Registered Offering of $1.5 Billion of Junior Subordinated Notes
Vistra priced a $1.5 billion public offering of junior subordinated notes due 2057, split into $850 million of Series A notes bearing 7.00% interest and $650 million of Series B notes bearing 7.25%, both priced at 100.000% of face value. The notes are unsecured obligations of subsidiary Vistra Operations Company LLC, guaranteed by Vistra Corp., with proceeds earmarked for general corporate purposes including redeeming some or all of Vistra's 8.0% Series A and 7.0% Series B fixed-rate reset preferred stock around their October 2026 and December 2026 reset dates.
Key figures
- Deal Value Usd
- 1500000000
- Maturity year
- 2057
- Expected close
- September 24, 2026
- Series a coupon
- 7.00%
- Series b coupon
- 7.25%
- Use of proceeds
- general corporate purposes including redemption of 8.0% Series A and 7.0% Series B preferred stock around their October 2026 and December 2026 reset dates
- Series a principal
- 850000000
- Series b principal
- 650000000
- Pricing pct of face
- 100.000%
AI analysis
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