Vistra Corp. (NYSE: VST) announced the launch of a private offering of multiple series of senior unsecured notes to qualified institutional buyers and certain non-U.S. persons. The notes will be issued by Vistra Operations Company LLC, a Delaware-based subsidiary of Vistra, and guaranteed by certain subsidiaries that also guarantee the company's existing credit agreement.

The company plans to use proceeds from the offering to repay or redeem existing debt, including Senior Notes due 2027 and Term Loan B-3 Facility, for general corporate purposes, and to cover fees and expenses related to the offering.

The notes are being offered under Rule 144A of the Securities Act of 1933 to qualified institutional buyers and under Regulation S to certain international investors. The securities have not been registered under the Securities Act and cannot be offered or sold in the United States without registration or an applicable exemption.

Vistra has agreed to file a registration statement with the Securities and Exchange Commission for a registered exchange offer of the notes for new exchange notes with substantially similar terms, or in certain circumstances, to register the resale of the notes.

The Irving, Texas-based company operates as an integrated retail electricity and power generation business with operations across multiple states. Vistra operates a fleet of natural gas, nuclear, coal, solar, and battery energy storage facilities.