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Vistra Energy | 8-K: Current report

Vistra Energy | 8-K: Current report

Vistra Energy | 8-K:重大事件
美股SEC公告 ·  2024/09/24 09:46

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Vistra Corp. announced agreements to acquire the remaining 15% equity interest in Vistra Vision LLC from Nuveen Asset Management and Avenue Capital Management for $3.248 billion in cash. The transaction will make Vistra the sole owner of its zero-carbon nuclear, energy storage, solar generation assets, and retail business operations. The closing is expected on December 31, 2024.The purchase price will be paid in five installments from December 2024 through December 2026, with a net present value of $3.085 billion at a 6% discount rate. The initial payment will be adjusted based on dividend distributions to minority investors, with a $165 million threshold for 2024. The transaction requires no regulatory approvals.Vistra maintains its capital allocation priorities, including a long-term net leverage target below 3x, planned share repurchases of at least $2.25 billion in 2024-2025 and $1 billion in 2026, plus annual common dividends of $300 million through 2026. The deal is expected to exceed mid-teens levered return thresholds and provide immediate shareholder accretion.
Vistra Corp. announced agreements to acquire the remaining 15% equity interest in Vistra Vision LLC from Nuveen Asset Management and Avenue Capital Management for $3.248 billion in cash. The transaction will make Vistra the sole owner of its zero-carbon nuclear, energy storage, solar generation assets, and retail business operations. The closing is expected on December 31, 2024.The purchase price will be paid in five installments from December 2024 through December 2026, with a net present value of $3.085 billion at a 6% discount rate. The initial payment will be adjusted based on dividend distributions to minority investors, with a $165 million threshold for 2024. The transaction requires no regulatory approvals.Vistra maintains its capital allocation priorities, including a long-term net leverage target below 3x, planned share repurchases of at least $2.25 billion in 2024-2025 and $1 billion in 2026, plus annual common dividends of $300 million through 2026. The deal is expected to exceed mid-teens levered return thresholds and provide immediate shareholder accretion.
Vistra CORP. 宣布与Nuveen 资产管理公司和Avenue Capital Management签订协议,以32.48亿现金收购Vistra Vision LLC剩余的15%股权。该交易将使Vistra成为其零碳核能、能源储存、太阳能发电资产和零售业务的唯一所有者。交易预计在2024年12月31日完成。购买价格将分五期支付,从2024年12月到2026年12月,净现值为30.85亿,折扣率为6%。初始付款将根据少数投资者的分红派息进行调整,2024年设定16500万的门槛。该交易不需要任何监管批准。Vistra 维持其资本配置优先事项,包括长期净杠杆率目标低于3倍,计划在2024-2025年回购至少22.5亿的股份,以及在2026年回购10亿,并在2026年前每年支付30000万的普通股分红派息。预计该交易将超过中位数的杠杆回报阈值,并提供立即的股东增值。
Vistra CORP. 宣布与Nuveen 资产管理公司和Avenue Capital Management签订协议,以32.48亿现金收购Vistra Vision LLC剩余的15%股权。该交易将使Vistra成为其零碳核能、能源储存、太阳能发电资产和零售业务的唯一所有者。交易预计在2024年12月31日完成。购买价格将分五期支付,从2024年12月到2026年12月,净现值为30.85亿,折扣率为6%。初始付款将根据少数投资者的分红派息进行调整,2024年设定16500万的门槛。该交易不需要任何监管批准。Vistra 维持其资本配置优先事项,包括长期净杠杆率目标低于3倍,计划在2024-2025年回购至少22.5亿的股份,以及在2026年回购10亿,并在2026年前每年支付30000万的普通股分红派息。预计该交易将超过中位数的杠杆回报阈值,并提供立即的股东增值。
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