Vistra Operations sells $2.25 billion of senior secured notes in January

In January 2026, Vistra Operations issued $2.25 billion of senior secured notes, with about $2.225 billion of net proceeds. The company said it would use the money to help fund the Cogentrix acquisition and for general corporate purposes, including repaying existing debt.

• $2.25 billion of senior secured notes issued
• About $2.225 billion of net proceeds
• Proceeds earmarked partly for the Cogentrix acquisition and partly for repaying debt