Summary by Moomoo AI
Vistra Operations Company LLC, a wholly owned subsidiary of Vistra Corp, has amended its Credit Agreement on October 11, 2024, significantly expanding its revolving credit facility and extending its maturity date. The amendment increases the existing 2022 Extended Revolving Credit Commitments from $3.175 billion to $3.440 billion, while extending the maturity date from April 29, 2027, to October 11, 2029.The Credit Agreement Amendment includes the appointment of a new revolving letter of credit issuer and enhances various provisions, including an increase in the permissible maximum incremental facilities amount and expanded capacity under certain negative covenant baskets. The agreement was executed with Citibank, N.A. serving as Administrative and Collateral Agent, along with other participating lenders and letter of credit issuers.
