Vistra raises commodity-linked revolver to $2.25 billion

By Rebecca Melvin

Concord, N.H., June 14 – Vistra Operations Co. LLC entered into an amendment to the credit agreement with Vistra Intermediate Credit Co. LLC as borrower and Citibank, NA as administrative agent on June 8 to increase commitments under the senior secured commodity-linked revolver by $50 million to $2.25 billion, according to an 8-K filing with the Securities and Exchange Commission.

An accordion feature provides for up to $750 million of additional commitments.

The borrower plans to use the liquidity provided under the facility to make cash postings as required under various commodity contracts to which Vistra Operations and its subsidiaries are parties as power prices increase from time to time and for other working capital and general corporate purposes.

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

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