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Vistra Energy Announces Private Offering Of $700 Million Of Senior Notes

January 22,2019

Vistra Energy Corp. (the "Company" or "Vistra Energy") announced today the launch of a private offering (the "Offering") of $700 million aggregate principal amount of senior notes due 2027 (the "Notes") to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to certain non-U.S. persons in accordance with Regulation S under the Securities Act.

The Notes will be senior, unsecured obligations of Vistra Operations Company LLC, a Delaware limited liability company and an indirect, wholly owned subsidiary of the Company (the "Issuer"). The Notes will be fully and unconditionally guaranteed by certain of the Issuer's current and future subsidiaries, the company said

The Company intends to use the proceeds of the Offering (i) to purchase and/or redeem for cash outstanding 7.375% Senior Notes due 2022 issued by Dynegy Inc., as predecessor to Vistra Energy, (ii) to pay fees and expenses related to the Offering and (iii) for general corporate purposes.

The Notes will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.

Finance   Vistra Energy  

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