Vistra Corp. amends credit agreements, increases receivables facility to $1.1 billion

Vistra Corp. (NYSE:VST), a $62.26 billion market cap energy company that has delivered an impressive 124% return over the past year, announced Wednesday that it has amended two key financing agreements through its subsidiaries, according to a statement based on a recent SEC filing. According to InvestingPro data, the company maintains a "GREAT" financial health score, with 8 more key insights available to subscribers.

On July 11, 2025, TXU Energy Retail Company LLC, TXU Energy Receivables Company LLC, and Vistra Operations Company LLC—each indirect, wholly owned subsidiaries of Vistra—entered into an amendment to the existing Receivables Purchase Agreement. The amendment increases the aggregate commitment of the committed purchasers from $1.0 billion to $1.1 billion and extends the term of the agreement to July 10, 2026. Credit Agricole (OTC:CRARY) Corporate and Investment Bank serves as the administrator for this facility. This financing move comes as InvestingPro analysis shows the company’s current ratio at 0.86, indicating careful management of short-term obligations is prudent.

Also on July 11, 2025, TXU Energy Retail Company LLC, Vistra Operations Company LLC, and certain originators entered into an amendment to the Master Framework Agreement with MUFG Bank, Ltd. This amendment extends the term of the repurchase facility to July 10, 2026.

Both agreements pertain to Vistra’s financing arrangements related to receivables and repurchase facilities. The company stated that copies of the amendments have been filed as exhibits to the current report.

This information is based on a press release statement included in Vistra Corp.’s recent SEC filing.

In other recent news, Vistra Energy reported its Q1 2025 earnings, revealing an earnings per share (EPS) of $0.45, significantly missing the forecasted $1.19. Revenue also fell short, coming in at $3.93 billion against the expected $4.46 billion. Despite this earnings miss, the company reaffirmed its 2025 adjusted EBITDA guidance of $5.5 billion to $6.1 billion. In other developments, Vistra Corp announced the acquisition of seven natural gas generation facilities from Lotus Infrastructure Partners for $1.9 billion, expanding its capacity by approximately 2,600 megawatts. The acquisition is expected to enhance Vistra’s free cash flow from the first year after closing. On the regulatory front, Vistra received approval from the Nuclear Regulatory Commission to extend the operation of its Perry Nuclear Power Plant in Ohio for an additional 20 years. Meanwhile, Moody’s Ratings downgraded Vistra Holdings’ corporate family rating to B2 from B1, citing high financial leverage and slower-than-expected earnings improvement. However, the outlook was revised from negative to stable. Lastly, UBS raised its price target for Vistra to $207 from $160, maintaining a Buy rating, driven by a favorable outlook on power demand and pricing dynamics in the sector.

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