Vistra Prices $1.5B Junior Subordinated Notes Offering at 7.00% and 7.25%
VST is trading near its 52-week low of $132.66 (11% above the low).
Summary
Vistra priced a $1.5 billion underwritten offering of junior subordinated notes due 2057, split into $850 million Series A at 7.00% and $650 million Series B at 7.25%, both at par. Proceeds will fund general corporate purposes, including redeeming outstanding preferred stock at its reset dates in October and December 2026. The offering follows the preliminary prospectus filed earlier today and the shelf registration from September 9. The notes are unsecured and subordinated, adding leverage but providing liquidity to retire higher-cost preferreds. Closing is expected September 24, 2026.
At the time of this announcement, VST was trading at $147.18 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $49.4B. The 52-week trading range was $132.66 to $219.82. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: PR Newswire.