Debt · Debt Financing · Closed
Vistra closes two junior subordinated-note series
A Vistra subsidiary completed an underwritten offering of two series of junior subordinated notes due 2057, guaranteed by Vistra.
- Both series (computed by Tokscale: $850M + $650M)
- $1.5B
- Closed · 8-K
Amounts
Each number with its type, status and the sentence it comes from
| Amount | Value | Status | Source |
|---|---|---|---|
Both series (computed by Tokscale: $850M + $650M)Debt raised · to Vistra“On September 24, 2026, Vistra Operations Company LLC ("Vistra Operations"), an indirect, wholly owned subsidiary of Vistra Corp. ("Vistra"), completed its underwritten public offering of $850,000,000 aggregate principal amount of its 7.000% Series A Junior Subordinated Notes due 2057 (the "Series A Notes") and $650,000,000 aggregate principal amount of its 7.250% Series B Junior Subordinated Notes due 2057 (the "Series B Notes" and, together with the Series A Notes, the "Notes")” | $1.5B | Closed | 8-K ↗ |
Series A Junior Subordinated Notes due 2057Debt raised · to VistraPart of the amount above, not added again“On September 24, 2026, Vistra Operations Company LLC ("Vistra Operations"), an indirect, wholly owned subsidiary of Vistra Corp. ("Vistra"), completed its underwritten public offering of $850,000,000 aggregate principal amount of its 7.000% Series A Junior Subordinated Notes due 2057 (the "Series A Notes") and $650,000,000 aggregate principal amount of its 7.250% Series B Junior Subordinated Notes due 2057 (the "Series B Notes" and, together with the Series A Notes, the "Notes")” | $850M | Closed | 8-K ↗ |
Series B Junior Subordinated Notes due 2057Debt raised · to VistraPart of the amount above, not added again“On September 24, 2026, Vistra Operations Company LLC ("Vistra Operations"), an indirect, wholly owned subsidiary of Vistra Corp. ("Vistra"), completed its underwritten public offering of $850,000,000 aggregate principal amount of its 7.000% Series A Junior Subordinated Notes due 2057 (the "Series A Notes") and $650,000,000 aggregate principal amount of its 7.250% Series B Junior Subordinated Notes due 2057 (the "Series B Notes" and, together with the Series A Notes, the "Notes")” | $650M | Closed | 8-K ↗ |
Participants
Amounts per investor are shown only when a source states them
| Organization | Role | Type | Note |
|---|---|---|---|
| Vistra | Issuer, Borrower | Power | The notes were issued by wholly owned subsidiary Vistra Operations Company LLC and guaranteed by Vistra. |
Key terms
- Guarantee
- Vistra irrevocably and unconditionally guaranteed both series. 8-K ↗
“in each case irrevocably and unconditionally guaranteed by Vistra (the "Guarantee" and, together with the Notes, the "Securities")”
Sources
- SEC EDGAR (Vistra Corp.), “Vistra Form 8-K, September 24, 2026 (junior subordinated notes)”, Sep 24, 2026 · Form 8-K, accession 0001140361-26-037577 · retrieved Nov 12, 2026
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