Vistra Prices Private Offering of $4.0 Billion of Senior Notes

IRVING, Texas, April 8, 2026 /PRNewswire/ -- Vistra Corp. (NYSE:VST) (the "Company" or "Vistra") announced today the pricing of a private offering (the "Offering") of $500.0 million aggregate principal amount of senior notes due 2028 at a price to the public of 99.900% of their face value (the "2028 Notes"), $1.0 billion aggregate principal amount of senior notes due 2031 at a price to the public of 99.990% of their face value (the "2031 Notes"), $1.0 billion aggregate principal amount of senior notes due 2033 at a price to the public of 99.813% of their face value (the "2033 Notes") and $1.5 billion aggregate principal amount of senior notes due 2036 at a price to the public of 99.823% of their face value (the "2036 Notes" and, together with the 2028 Notes, the 2031 Notes and the 2033 Notes, the "Notes")  to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to certain non-U.S. persons in accordance with Regulation S under the Securities Act. The Notes will be senior, unsecured obligations of Vistra Operations Company LLC, a Delaware limited liability company and an indirect wholly owned subsidiary of the Company (the "Issuer"). The 2028 Notes will bear interest at the rate of 4.550% per annum. The 2031 Notes will bear interest at the rate of 5.000% per annum. The 2033 Notes will bear interest at the rate of 5.250% per annum. The 2036 Notes will bear interest at the rate of 5.550% per annum. The Notes will be fully and unconditionally guaranteed by certain of the Issuer's current and future subsidiaries that also guarantee the Issuer's Credit Agreement, dated as of October 3, 2016 (as amended, the "Credit Agreement"), by and among the Issuer, as borrower, Vistra Intermediate Company LLC, the guarantors party thereto, Citibank, N.A., as administrative and collateral agent, various lenders and letter of credit issuers party thereto, and the other parties named therein.

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