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Why is Vistra's stock in the news this Friday?

New sharesRead the original at benzinga.com
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Vistra issued $1.5B of long 2057 subordinated notes and may redeem 8% and 7% preferred shares; this creates cash flexibility but also adds long-term interest obligations.

VST · Vistra Corp.

AI read · Neutral

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Vistra priced $1.5B of junior subordinated notes due 2057 and said proceeds may redeem preferred shares. The notes carry 7% and 7.25% coupons, adding long-dated interest while giving cash flexibility, so the facts balance out.

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