Vistra Operations extends revolver by one year to 2024

By Marisa Wong

Los Angeles, Oct. 11 – Vistra Operations Co. LLC, an indirect wholly owned subsidiary of Vistra Corp., entered into an amendment on Oct. 4 to its credit agreement dated Feb. 4, 2022 with Citibank, NA as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

The amendment extends the revolving credit maturity date to Oct. 2, 2024 from Oct. 4, 2023; terminates in full the revolving credit commitments of certain lenders; provides for additional revolving credit commitments by certain lenders, which are subject to the same prepayment provisions, revolving credit termination date and other terms and conditions applicable to the existing revolving credit commitments and revolving credit loans under the credit agreement; and effects some other conforming changes.

As a result of these amendments, the aggregate revolving credit commitments increased to $1.575 billion from $1.35 billion. As of Oct. 4, there were no borrowings outstanding under the credit agreement.

The issuer is an integrated retail electricity and power generation company based in Irving, Tex.

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