M&A - Vistra Corp.

Form Type: 8-K

Filing Date: 2025-05-21

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525123660

Filing Summary: On May 15, 2025, Vistra Operations Company LLC, an indirect wholly owned subsidiary of Vistra Corp, entered into a Purchase and Sale Agreement with multiple sellers to acquire 100% of the membership interests in seven Delaware limited liability companies engaged in energy storage and generation. The total purchase price for the acquisition is $1.9 billion, payable in cash, with potential adjustments based on working capital and indebtedness. The transaction is subject to regulatory approvals from agencies such as the Federal Energy Regulatory Commission and the New York Public Service Commission, and is expected to be funded through the assumption of credit facilities and cash on hand. The deadline for completion of the transaction is set for November 11, 2025, with a termination fee of $76 million applicable under certain conditions if the transaction does not close. The announcement of the agreement was made public via a press release on May 15, 2025, providing investors with additional insights into the deal's terms.