Vistra (VST) priced a $2.25B private bond offering, issuing $1B of senior secured notes due 2031 and $1.25B due 2036, priced at 99.954% and 99.745% of face value, respectively.
The 2031 notes will bear interest at the rate of 4.700% per annum, and the 2036 notes will bear interest at 5.350% per annum.
The company intends to use the proceeds from the offering to fund a portion of the consideration for the acquisition of Cogentrix Energy; for general corporate purposes, including to repay existing indebtedness; and/or to pay fees and expenses related to the offering.
The sale is expected to close on January 22, 2026, subject to customary closing conditions.
