Vistra obtains $1 billion commodity-linked revolver

By Wendy Van Sickle

Columbus, Ohio, Feb. 10 – Vistra Operations Co. LLC, a wholly owned subsidiary of Vistra Corp., entered into a credit agreement on Feb. 4 providing for a $1 billion senior secured commodity-linked revolver, according to an 8-K filing with the Securities and Exchange Commission.

The borrowing base is calculated on a weekly basis based on a set of theoretical transactions, and no borrowings were made at closing.

Loans made under the facility mature on Oct. 5, 2022.

Borrowings bear interest at SOFR plus an adjustment of 10 basis points plus 100 bps.

Citibank, NA is the administrative agent.

Vistra is an Irving, Tex.-based energy company.

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