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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 06:46

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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. 宣佈與Nuveen 資產管理公司和Avenue Capital Management簽訂協議,以32.48億現金收購Vistra Vision LLC剩餘的15%股權。該交易將使Vistra成爲其零碳核能、能源儲存、太陽能發電資產和零售業務的唯一所有者。交易預計在2024年12月31日完成。購買價格將分五期支付,從2024年12月到2026年12月,淨現值爲30.85億,折扣率爲6%。初始付款將根據少數投資者的分紅派息進行調整,2024年設定16500萬的門檻。該交易不需要任何監管批准。Vistra 維持其資本配置優先事項,包括長期淨槓桿率目標低於3倍,計劃在2024-2025年回購至少22.5億的股份,以及在2026年回購10億,並在2026年前每年支付30000萬的普通股分紅派息。預計該交易將超過中位數的槓桿回報閾值,並提供立即的股東增值。
Vistra CORP. 宣佈與Nuveen 資產管理公司和Avenue Capital Management簽訂協議,以32.48億現金收購Vistra Vision LLC剩餘的15%股權。該交易將使Vistra成爲其零碳核能、能源儲存、太陽能發電資產和零售業務的唯一所有者。交易預計在2024年12月31日完成。購買價格將分五期支付,從2024年12月到2026年12月,淨現值爲30.85億,折扣率爲6%。初始付款將根據少數投資者的分紅派息進行調整,2024年設定16500萬的門檻。該交易不需要任何監管批准。Vistra 維持其資本配置優先事項,包括長期淨槓桿率目標低於3倍,計劃在2024-2025年回購至少22.5億的股份,以及在2026年回購10億,並在2026年前每年支付30000萬的普通股分紅派息。預計該交易將超過中位數的槓桿回報閾值,並提供立即的股東增值。
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