Vistra (VST) Prices $4 Billion Private Offering of Senior Notes to Repay Existing Debt

Vistra Corp. (NYSE:VST) is one of the best AI energy stocks to buy in 2026.

On April 8, 2026, Vistra Corp. (NYSE:VST) announced the pricing of a $4 billion private offering of senior notes. These bonds, offered across four maturities, will extend the company’s debt ladder, allowing it to avoid having too much debt coming due at one time.

Furthermore, the offering will help Vistra Corp. (NYSE:VST) raise capital to refinance obligations and support broader corporate needs. Management also said it will use proceeds to repay or redeem existing debt, including its senior notes due 2027 and/or Term Loan B-3 Facility. The transaction is subject to customary conditions and is expected to close on April 22, 2026.

Vistra Corp. (NYSE:VST)’s offering consists of $500 million of 2028 notes, priced at 99.9% of face value with a 4.55% coupon, and $1 billion of 2031 notes, priced at 99.99% with a 5% coupon. Meanwhile, $1 billion of 2033 notes are priced at 99.813% with a 5.25% coupon, while $1.5 billion of 2035 notes are priced at 99.823% with a 5.55% coupon.

Vistra Corp. (NYSE:VST) is a Fortune 500 integrated U.S. energy company based in Irving, Texas, that generates and sells electricity through a diverse portfolio of gas, nuclear, coal, solar, and battery storage assets, and provides retail power to millions of customers nationwide.

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