Vistra Corp. (VST), through an indirect subsidiary, announced the completion of its acquisition of Q-Generation, LLC and Hamilton Holdings II, LLC on October 30, 2026. The transaction involved a combination of cash, stock, and the assumption of existing debt.

Key Details

  • Transaction Consideration: Vistra paid approximately $2.2 billion in net cash and issued 5,000,000 shares of Vistra common stock valued at $185 per share (totaling $925 million).
  • Assumed Debt: As part of the transaction, Vistra assumed approximately $1.7 billion of the acquired companies' outstanding indebtedness, bringing the total transaction value to approximately $4.825 billion.
  • Debt Repayment: Vistra announced its intent to repay the entire $1.7 billion of assumed debt on or about November 5, 2026.
  • Stock Terms: The 5,000,000 shares issued to the seller are subject to a lock-up period, restricting transfer until January 30, 2027.