UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
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| Item 1.01. | Entry into a Material Definitive Agreement. |
On October 4, 2023, Vistra Operations Company LLC (“Vistra Operations” or the “Borrower”), an indirect, wholly owned subsidiary of Vistra Corp. (the “Company”), entered into an amendment (the “Credit Agreement Amendment”) to that certain credit agreement (as amended, including by the Credit Agreement Amendment, the “Commodity Linked Credit Agreement”), dated as of February 4, 2022, by and among Borrower, Vistra Intermediate Company LLC (“Vistra Intermediate”), Citibank, N.A., as administrative agent (in such capacity, the “Administrative Agent”) and collateral agent (in such capacity, the “Collateral Agent” and together with the Administrative Agent, the “Agent”), the financial institutions from time to time party thereto, as lenders (the “Lenders”) and letter of credit issuers, and the other parties party thereto.
Pursuant to the Credit Agreement Amendment, effective as of October 4, 2023, the Credit Agreement was amended to (i) extend the Revolving Credit Maturity Date (as defined in the Commodity Linked Credit Agreement) from October 4, 2023 to October 2, 2024, (ii) terminate in full the Revolving Credit Commitments (as defined in the Commodity Linked Credit Agreement) of certain Lenders, (iii) provide for additional Revolving Credit Commitments by certain Lenders, which are subject to the same prepayment provisions, Revolving Credit Termination Date (as defined in the Commodity Linked Credit Agreement) and other terms and conditions applicable to the existing Revolving Credit Commitments and Revolving Credit Loans (as defined in the Commodity Linked Credit Agreement) under the Commodity Linked Credit Agreement, and (iv) effect certain other conforming changes and modifications consistent with the foregoing. As a result of these amendments, the aggregate Revolving Credit Commitments increased from $1.350 billion to $1.575 billion. As of October 4, 2023, there were no borrowings outstanding under the Commodity Linked Credit Agreement.
The foregoing summary of the Credit Agreement Amendment does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Credit Agreement Amendment, a copy of which will be filed with the Company’s next periodic report.
| Item 2.03 | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
The information contained in Item 1.01 of this Current Report concerning the Company’s direct financial obligations under the Credit Agreement Amendment is incorporated by reference herein.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| Vistra Corp. | ||||||
| Dated: October 11, 2023 | /s/ William M. Quinn | |||||
| Name: | William M. Quinn | |||||
| Title: | Senior Vice President and Treasurer | |||||