FX.co ★ Vistra Announces Private Offering Of Senior Secured Notes To Raise Atleast $1.25 Bln

Vistra Corp. (VST) revealed on Tuesday its plan to initiate a private offering of senior secured notes, which are set to mature in 2026 and 2034. The company aims to raise at least $1.25 billion through this offering.

The funds generated from this initiative are earmarked for the repayment of existing debts, facilitating early payments on purchase price installment obligations, and addressing other corporate needs.

At present, Vistra's shares are priced at $145.26 on the New York Stock Exchange, reflecting a decline of 0.93 percent.