Vistra Completes $1.5 Billion Public Offering of Junior Subordinated Notes

Vistra Corp. announced that its indirect, wholly owned subsidiary, Vistra Operations Company LLC, has completed an underwritten public offering of $1.5 billion in aggregate principal amount of Junior Subordinated Notes due 2057. The securities are irrevocably and unconditionally guaranteed by Vistra Corp.

Key Details

• Offering Breakdown: The offering consists of two tranches: $850 million of 7.000% Series A Junior Subordinated Notes and $650 million of 7.250% Series B Junior Subordinated Notes.
• Maturity & Guarantee: Both series of notes are due in 2057 and are unconditionally guaranteed by the parent company, Vistra Corp.
• Completion Date: The offering was officially completed on September 24, 2026.