Secondary Stock Offerings
By The Online Investor Staff, updated Thu., Jan. 20, 11:59 PM
| This Slide: #24 of 25 |
Slide #24. Vistra Corp. — Secondary Offering
Company:
Vistra Corp. (NYSE:VST)
Date announced:
12/7/2021
Shares Offered:
1,000,000
Date of Pricing:
12/7/2021
Price Per Share:
$1,000.00
Secondary Offering Details:
Vistra Corp. (NYSE: VST) today announced the pricing of an upsized private offering of 1,000,000 shares of its 7.0% Series B Fixed-Rate Reset Cumulative Redeemable Green Perpetual Preferred Stock to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and to certain non-U.S. persons in accordance with Regulation S under the Securities Act, at an offering price of $1,000 per share. The company will receive gross proceeds of $1 billion from the sale of the Preferred Stock before deducting the initial purchaser discount and other estimated offering expenses. The offering is expected to close on Dec. 10, 2021, subject to customary closing conditions.
Vistra Energy is a holding company operating an integrated retail and electric power generation business. Through its subsidiaries, Co. has six segments: Retail, which is engaged in retail sales of electricity, natural gas and related services; Texas and East, which are engaged in electricity generation, wholesale energy sales and purchases, commodity risk management activities, fuel production and fuel logistics management; West, which represents results from the California Independent System Operator market; Sunset, which consists of generation plants with announced retirement plans; and Asset Closure, which is engaged in the decommissioning and reclamation of retired plants and mines.
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Avg. Broker Rec.
 
|
Strong Buy (3.80 out of 4) 63rd percentile
(ranked higher than approx. 63% of all stocks covered)
Analysts' Target Price: VST Stock Forecast Based on Zacks ABR data; powered by Xignite |
