VST Vistra Corp

On April 29, 2022 (the “Effective Date”), Vistra Operations Company LLC (“Vistra Operations”) (in such capacity, “Borrower”), entered into an amendment (the “Credit Agreement Amendment”) among Vistra Operations, Vistra Intermediate Company LLC, the guarantors party thereto, Credit Suisse AG, Cayman Island Branch, as Administrative and Collateral Agent, and the other parties named therein to that certain Credit Agreement, dated as of October 3, 2016 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”).

Pursuant to the Credit Agreement Amendment, effective as of the Effective Date, (i) a new $2.8 billion class of extended revolving credit commitments was established and the maturity date applicable thereto was extended to April 29, 2027, (ii) the total revolving credit commitments for both the newly established commitments and the existing non-extended commitments under the Credit Agreement were increased to an aggregate of $3.0 billion, (iii) certain lenders holding revolving credit commitments elected not to extend the maturity date applicable to those commitments resulting in a class of revolving credit commitments of $200 million having a maturity date of June 14, 2023, (iv) an aggregate amount of $25 million of the non-extended revolving credit commitments was terminated, (v) new revolving letter of credit issuers were appointed and the aggregate revolving letter of credit commitments was increased to allow for the full amount of all revolving credit commitments to be utilized to issue letters of credit (and as of the Effective Date, the aggregate amount of revolving letter of credit commitments was $2.595 billion), and (vi) new pricing mechanisms and interest rate margins were applied to the loans under the extended revolving credit commitments; the pricing mechanism and interest rate margins applicable to the non-extended revolving credit loans and our outstanding term loans were unchanged.

A copy of the Credit Agreement Amendment is included as Exhibit 10.1 to this Current Report on Form 8-K (this “Current Report”) and is incorporated herein by reference. The above description of the Credit Agreement Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Credit Agreement Amendment.