Vistra Prices Private Offerings Of $650M Of Senior Secured Notes And $1.1B Of Senior Unsecured Notes
Portfolio Pulse from Benzinga Newsdesk
Vistra has priced its private offerings of $650 million of senior secured notes due 2033 and $1.1 billion of senior unsecured notes due 2031. The secured notes were priced at 99.850% of their face value, while the unsecured notes were priced at 100% of their face value.
September 13, 2023 | 6:18 am
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Vistra's private offerings of senior secured and unsecured notes could potentially increase the company's liquidity and strengthen its financial position.
The private offerings of senior secured and unsecured notes by Vistra could potentially increase the company's liquidity, providing it with more resources to invest in its operations or pay down existing debt. This could strengthen the company's financial position and potentially make it more attractive to investors, potentially leading to a short-term increase in the company's stock price.
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