Sidley is representing Vistra Corp., a Fortune 275 integrated retail electricity and power generation company, in the pricing of an upsized private offering of 1,000,000 shares of its 7.0% Series B Fixed-Rate Reset Cumulative Redeemable Green Perpetual Preferred Stock to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and to certain non-U.S. persons in accordance with Regulation S under the Securities Act, at an offering price of US$1,000 per share. The company will receive gross proceeds of US$1 billion from the sale of the Preferred Stock before deducting the initial purchaser discount and other estimated offering expenses. The offering is expected to close on December 10, 2021, subject to customary closing conditions.
The Sidley deal team is being led by Bill Howell, and includes Jocelyne Kelly, Eryn Berquist, and J.D. Swancoat.