IRVING, Texas, Nov. 19, 2024 /PRNewswire/ -- Vistra Corp. (NYSE: VST) (the "Company" or "Vistra") announced today the pricing of a private offering (the "Offering") of $1.25 billion aggregate principal amount of senior secured notes, consisting of $500 million aggregate principal amount of senior secured notes due 2026 at a price to the public of 99.948% of their face value (the "2026 Notes") and $750 million aggregate principal amount of senior secured notes due 2034 at a price to the public of 99.903% of their face value (the "2034 Notes" and, together with the 2026 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, secured obligations of Vistra Operations Company LLC, a Delaware limited liability company and an indirect wholly owned subsidiary of the Company (the "Issuer"). The 2026 Notes will bear interest at the rate of 5.050% per annum, and the 2034 Notes will bear interest at the rate of 5.700% 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, as parent guarantor, the other 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. The Notes will be secured by a first-priority security interest in the same collateral that is pledged for the benefit of the lenders under the Credit Agreement and certain other agreements. The collateral securing the Notes will be released if the Issuer's senior, unsecured long-term debt securities obtain an investment grade rating from two out of the three rating agencies, subject to reversion if such rating agencies withdraw the investment grade rating of the Issuer's senior, unsecured long-term debt securities or downgrade such rating below investment grade.

IRVING, Texas, Nov. 19, 2024  /PRNewswire/ -- Vistra Corp. (NYSE: VST) (the "Company" or "Vistra") announced today the launch of senior secured notes due 2026 (the "2026 Notes") and senior secured notes due 2034 (the "2034 Notes", and together with the 2026 Notes, the "Notes") in a private offering (the "Offering") 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, secured obligations of Vistra Operations Company LLC, a Delaware limited liability company and an indirect wholly owned subsidiary of the Company (the "Issuer"). 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, as parent guarantor, the other 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. The Notes will be secured by a first-priority security interest in the same collateral that is pledged for the benefit of the lenders under the Credit Agreement and certain other agreements. The collateral securing the Notes will be released if the Issuer's senior, unsecured long-term debt securities obtain an investment grade rating from two out of the three rating agencies, subject to reversion if such rating agencies withdraw the investment grade rating of the Issuer's senior, unsecured long-term debt securities or downgrade such rating below investment grade.

Earnings Release Highlights

GAAP third quarter 2024 Net Income of $1,837 million and Cash Flow from Operations of $1,702 million.Net Income from Ongoing Operations1 of $1,855 million and Ongoing Operations Adjusted EBITDA1 of $1,444 million.Raised and narrowed 2024 Ongoing Operations Adjusted EBITDA1 and Ongoing Operations Adjusted FCFbG1 guidance ranges to $5.0 billion – $5.2 billion and to $2.65 billion – $2.85 billion, respectively, excluding any potential benefit from the nuclear production tax credit (PTC).Initiated 2025 Ongoing Operations Adjusted EBITDA1 and Ongoing Operations Adjusted FCFbG1 guidance ranges of $5.5 billion – $6.1 billion and $3.0 billion – $3.6 billion, respectively.Board authorized an additional $1.0 billion of share repurchases, which is expected to be utilized by year-end 2026.

Celebrating 20 years of creating greener, healthier communities

IRVING, Texas, Nov. 1, 2024 /PRNewswire/ -- TXU Energy and Texas Trees Foundation (TTF) are launching a statewide tree-planting campaign, celebrating 20 years of working together to create greener, healthier communities through the TXU Energy Urban Tree Farm and Education Center. This month, volunteers will plant 400 trees, donated by TXU Energy, in ten communities across Texas.

IRVING, Texas, Oct. 30, 2024 /PRNewswire/ -- Vistra (NYSE: VST) announced today that its board of directors has declared a quarterly dividend of $0.2215 per share of Vistra's common stock, reflecting an estimated aggregate payment of $75 million this quarter. The common dividend is payable on Dec. 31, 2024, to common stockholders of record as of Dec. 20, 2024. The ex-dividend date for the common dividend will be Dec. 20, 2024.

IRVING, Texas, Oct. 7, 2024 /PRNewswire/ -- Vistra (NYSE: VST) plans to report its third quarter 2024 financial and operating results on Thursday, Nov. 7, 2024, during a live conference call and webcast beginning at 10 a.m. ET (9 a.m. CT).

The live webcast can be accessed via Vistra's website at www.vistracorp.com under "Investor Relations" and then "Events & Presentations." Participants can also listen by phone by registering here prior to the start time of the call to receive a conference call dial-in number.  A replay of the webcast will be available on Vistra's website for one year following the call.

Award recognizes three recipients in the categories of energy management, sustainability, and community

IRVING, Texas, Sept. 19, 2024 /PRNewswire/ -- TXU Energy today announced its recognition of three North Texas organizations as category winners in the 2024 TXU Energy Leadership Award Program. This program highlights corporate and nonprofit leaders defining energy responsibility and innovation. The awards were announced in conjunction with the TXU Energy Summit held this week in Arlington.  

Vistra to become the sole owner of Vistra Vision

Highlights

Transaction, consisting of the acquisition of the entire 15% equity interest in Vistra Vision currently owned by affiliates of Nuveen and Avenue, is expected to close on Dec. 31, 2024.Net present value cash purchase price, which will be paid in installments over two years from the closing date, of $3.085 billion1, subject to adjustment based on the amount of Vistra Vision dividends received by the minority investors prior to closing.Increases upside related to nuclear, solar, and battery assets, as well as its retail business currently majority owned and operated by Vistra.Transaction is expected to significantly exceed the company's mid-teens levered return thresholds and is forecasted to be immediately accretive to shareholders.Vistra remains committed to its long-term net leverage target of less than 3x2 and continues to expect to execute at least $2.25 billion of share repurchases in 2024 and 2025, and at least $1 billion of additional share repurchases in 20263.

Program will utilize the collective power of solar-plus-battery storage systems during times of peak demand

IRVING, Texas, Sept. 11, 2024 /PRNewswire/ -- Vistra (NYSE: VST) today announced a new program for homeowners in partnership with Sunrun (Nasdaq: RUN) to support grid reliability for Texans. Through Vistra's flagship retail electricity brand, TXU Energy, the TXU Energy & Sunrun Battery Rewards program will aggregate power stored in residential, solar-connected batteries, forming a virtual power plant to dispatch energy back to the grid when it's needed the most.

Earnings Release Highlights

GAAP second quarter 2024 Net Income of $467 million and Cash Flow from Operations of $1,196 million.Net Income from Ongoing Operations1 of $492 million and Ongoing Operations Adjusted EBITDA1 of $1,414 million.Reaffirmed midpoint guidance for 2024 Ongoing Operations Adjusted EBITDA,1 excluding any potential contribution from the nuclear production tax credit, of $4,800 million.Completed two long-term renewable power purchase agreements, one with Microsoft and another with Amazon.Announced our intention to add up to 2,000 megawatts of dispatchable, natural gas-fueled electricity capacity across ERCOT; more than 200 MW of uprates added this quarter.Announced the approval by the Nuclear Regulatory Commission of the request to extend Comanche Peak's operating licenses for an additional 20 years.