"Vistra Operations Company Raises $2 Billion Through Senior Secured Notes Offering"

"Davis Polk advised underwriters on Vistra Operations Company LLC's registered offering of $2 billion in senior secured notes, including $750 million due in 2028, $500 million due in 2030, and $750 million due in 2035. Vistra Corp., based in Texas, is a major player in the energy sector, focusing on reliable and sustainable power generation and retail electricity services. The advisory team included various partners and counsel from Davis Polk's New York and Northern California offices."

Davis Polk & Wardwell LLP advised the representatives of the several underwriters in connection with a registered offering by Vistra Operations Company LLC. The transaction involved the issuance of $750 million aggregate principal amount of 4.300% senior secured notes due 2028, $500 million aggregate principal amount of 4.600% senior secured notes due 2030, and $750 million aggregate principal amount of 5.250% senior secured notes due 2035. The Davis Polk capital markets team included partners Yasin Keshvargar and Michael Kaplan, counsel David (Wei Fu) Li, and associates Hope Goimarac and Matthew L. Hulse. Counsel David A. Zilberberg provided environmental advice. The finance team included partner Robert Morrison and counsel Adela Troconis. Counsel Liang Zhang and associates Michael Hsieh and Summer Elbardissy provided tax advice. Members of the Davis Polk team are based in the New York and Northern California offices.

"Vistra Operations Company Raises $2 Billion Through Senior Secured Notes Offering"

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