VST Vistra Corp

Item 1.01.    Entry into a Material Definitive Agreement.

On July 13, 2020, TXU Energy Retail Company LLC (“TXU Retail”), TXU Energy Receivables Company LLC (“TXU Receivables”), a wholly owned subsidiary of TXU Retail, and Vistra Operations Company LLC (“Vistra Operations”) entered into an amendment (the “RPA Amendment”) to the Receivables Purchase Agreement dated as of August 21, 2018 (as amended, supplemented or otherwise modified from time to time, the “RPA”) among TXU Receivables, as seller, TXU Retail, as servicer, Vistra Operations, as performance guarantor, certain purchaser agents and purchasers named therein and Credit Agricole Corporate and Investment Bank, as administrator (the “Administrator”). The RPA Amendment amends certain provisions of the RPA, including (1) adjusting the commitment of the purchasers to purchase interests in the receivables under the RPA during certain periods to align with the peak retail season at the following levels: (a) $550 million beginning with the settlement date in July 2020 until the settlement date in August 2020, (b) $625 million from the settlement date in August 2020 until the settlement date in November 2020, (c) $550 million from the settlement date in November 2020 until the settlement date in December 2020, and (d) $450 million thereafter for the remaining term of the RPA; and (2) extending the term of the RPA until July 12, 2021.

A copy of the RPA Amendment is included as Exhibit 4.1 to this Current Report and is incorporated herein by reference. The above description of the RPA Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the RPA Amendment.