Vistra completes pricing of $1.5 billion subordinated notes issuance
Vistra (VST) has completed the pricing of a $1.5 billion public offering of subordinated notes, including $850 million Series A notes due 2057 and $650 million Series B notes due 2057.
The initial annual interest rate on the Series A notes is 7.00%, and the rate on the Series B notes is 7.25%.
The company plans to use the net proceeds for general corporate purposes, including funding the potential redemption of the outstanding 8.0% Series A and 7.0% Series B perpetual preferred shares on or after their respective reset dates in October and December 2026.
The offering is expected to be completed on September 24, subject to customary closing conditions.
The initial annual interest rate on the Series A notes is 7.00%, and the rate on the Series B notes is 7.25%.
The company plans to use the net proceeds for general corporate purposes, including funding the potential redemption of the outstanding 8.0% Series A and 7.0% Series B perpetual preferred shares on or after their respective reset dates in October and December 2026.
The offering is expected to be completed on September 24, subject to customary closing conditions.