Vistra Prices Upsized Private Offerings Of $400M 6.950% Senior Secured Notes Due 2033 And $350M 7.750% Senior Unsecured Notes Due 2031
Portfolio Pulse from Benzinga Newsdesk
Vistra Corp. (NYSE:VST) has priced upsized private offerings of $400 million in 6.950% senior secured notes due 2033 and $350 million in 7.750% senior unsecured notes due 2031. The secured notes are priced at 102.177% of face value, while the unsecured notes are at 102.00% of face value. Both offerings are part of the same series issued on September 26, 2023.

December 12, 2023 | 7:33 am
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Vistra Corp. has successfully priced upsized private offerings of senior secured and unsecured notes, indicating a strong demand for the company's debt and potentially improving its liquidity position.
The successful pricing of Vistra's upsized debt offerings suggests investor confidence in the company's creditworthiness. The secured notes, being priced above face value, indicate a particularly strong demand. This could provide Vistra with additional liquidity, which may be viewed positively by investors in the short term. However, the increased debt load could also raise concerns about long-term financial leverage.
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