Vistra prices $4 billion senior notes offering to refinance debt and fund operations

Vistra Corp. announced a $4 billion private offering of senior notes due between 2028 and 2036, with interest rates ranging from 4.55% to 5.55%. The proceeds will be used to repay existing debt, including senior notes due in 2027 and a term loan, as well as for general corporate purposes. The notes are unsecured obligations of Vistra's subsidiary and are guaranteed by certain subsidiaries. The offering is expected to close on April 22, 2026, and includes plans to register the notes for exchange or resale with the SEC. This move helps Vistra manage its debt profile and maintain financial flexibility for future operations.