PreferredStockChannel
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Sat, April 1, 4:09 PM
| This Slide: #25 of 609 |
Slide #25. Vistra Corp. — Preferred Stock 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
Preferred Stock 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 is a holding company. Through its subsidiaries, Co. is operating an integrated retail and electric power generation business throughout the U.S. Co. has six segments: Retail, which is engaged in retail sales of electricity and natural gas; 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.
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Strong Buy (4.00 out of 4) 77th percentile
(ranked higher than approx. 77% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com |
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