VST 424B5: Secondary offering
Filed with the SEC on · accession 0001140361-26-036130
VST filed a 424B5 (prospectus (offering)) with the SEC on Sep 10, 2026. The final terms of an offering of shares or bonds. The stock moved -2.7% by the first close after the filing.
Summary of the filing
Vistra Operations Company LLC is offering Series A and Series B Junior Subordinated Notes due 2057, guaranteed by Vistra Corp., with interest rates resetting based on the Five-year U.S. Treasury Rate plus a spread, and the ability to defer interest for up to 10 years.
Key details
How VST stock reacted
Close before
$151.10
Sep 9, 2026
First close after
-2.68%
$147.05
5 trading days
-7.09%
$140.39
Since filing
-25.29%
$112.89
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Click hereFrequently asked questions
What did VST file with the SEC on Sep 10, 2026?
VST filed a 424B5 (Secondary offering). Vistra Operations Company LLC is offering Series A and Series B Junior Subordinated Notes due 2057, guaranteed by Vistra Corp., with interest rates resetting based on the Five-year U.S. Treasury Rate plus a spread, and the ability to defer interest for up to 10 years.
What does a secondary offering mean for VST stock?
New shares dilute existing holders and are often sold at a discount to the market price.
How do I read a 424B5?
The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.
Why are SEC filings important?
Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B5 (prospectus (offering)): The final terms of an offering of shares or bonds.
How did VST stock react to this filing?
VST closed at $151.10 before the filing and $147.05 on Sep 10, 2026 (-2.68%). Five trading days later: $140.39 (-7.09%).
Other VST SEC filings
- 8-K · SEC filingNov 6, 2026
- 8-K · AcquisitionNov 5, 2026
- 8-K · Material agreementOct 5, 2026
- 8-K · Material agreementSep 24, 2026
- 424B2 · Secondary offeringSep 14, 2026
- 10-Q · SEC filingAug 10, 2026
- 8-K · SEC filingAug 7, 2026
- 8-K · Material agreementJul 16, 2026
- 8-K · Contract winJul 14, 2026
- 8-K · Material agreementJun 30, 2026
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