# EDGAR Filing Document

**Accession Number:** 0001692819
**File Stem:** 0001193125-25-253608
**Filing Date:** 2025-10
**Character Count:** 11969
**Document Hash:** c7d4785996fe6ee215324464eb7a0438
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-253608.hdr.sgml**: 20251028

**ACCESSION NUMBER**: 0001193125-25-253608

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 16

**CONFORMED PERIOD OF REPORT**: 20251022

**ITEM INFORMATION**: Completion of Acquisition or Disposition of Assets

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251028

**DATE AS OF CHANGE**: 20251028

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Vistra Corp.
- **CENTRAL INDEX KEY:** 0001692819
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRIC SERVICES [4911]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 364833255
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38086
- **FILM NUMBER:** 251425257

**BUSINESS ADDRESS:**
- **STREET 1:** 6555 SIERRA DRIVE
- **CITY:** IRVING
- **STATE:** TX
- **ZIP:** 75039
- **BUSINESS PHONE:** 214-812-4600

**MAIL ADDRESS:**
- **STREET 1:** 6555 SIERRA DRIVE
- **CITY:** IRVING
- **STATE:** TX
- **ZIP:** 75039

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Vistra Energy Corp.
- **DATE OF NAME CHANGE:** 20180201

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Vistra Energy Corp
- **DATE OF NAME CHANGE:** 20161221

?xml version='1.0' encoding='ASCII'? 8-K

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

### FORM 8-K

#### CURRENT REPORT

#### Pursuant to Section 13 or 15(d)

#### of the Securities Exchange Act of 1934

#### Date of Report (Date of earliest event reported): October 22, 2025

## VISTRA CORP.

#### (Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-38086** | **36-4833255** |
| **(State or other jurisdiction of**<br> **incorporation or organization)** | **(Commission**<br> **File Number)** | **(I.R.S. Employer<br>Identification No.)** |

---

---

| | |
|:---|:---|
| **6555 Sierra Drive<br>Irving, TX** | **75039** |
| **(Address of principal executive offices)** | **(Zip Code)** |

---

(214) 812-4600

#### (Registrant's telephone number, including area code)

#### N/A

#### (Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.l4a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240. 14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

#### Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of Each Class** | **Trading<br>Symbol(s)** | **Name of Each Exchange**<br> **on Which Registered** |
| Common stock, par value $0.01 per share | VST | New York Stock Exchange |
|  | Indicate by check mark |  |
|  |  | NYSE Texas |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

---

| | |
|:---|:---|
| **Item 2.01** | **Completion of Acquisition or Disposition of Assets**  |

---

On October 22, 2025, Vistra Operations Company LLC, a Delaware limited liability company ("<u>Buyer</u>"), which is an indirect wholly-owned subsidiary of Vistra Corp., a Delaware corporation ("<u>Vistra</u>"), completed its previously announced transaction pursuant to that certain Purchase and Sale Agreement dated as of May 15, 2025 (the "<u>Purchase Agreement</u>"), by and among Buyer, and NEP Holdco 1, L.L.C., a Delaware limited liability company, NatGas Fund Holdings, L.L.C., a Delaware limited liability company, SEIF III NatGas Holdings, L.L.C., a Delaware limited liability company, and Edgewater Parent, LLC, a Delaware limited liability company (collectively, "<u>Sellers</u>"), pursuant to which Buyer acquired from Sellers one hundred percent (100%) of the membership interests in (i) Geranium Energy Storage I, L.L.C., a Delaware limited liability company; (ii) Geranium Energy Storage II, L.L.C., a Delaware limited liability company; (iii) NatGas California, L.L.C., a Delaware limited liability company; (iv) Carneys Point Energy Storage, L.L.C., a Delaware limited liability company; (v) Logan Energy Storage, L.L.C., a Delaware limited liability company; (vi) SBFH Holdco, L.L.C., a Delaware limited liability company; and (vii) Edgewater Generation Holdings, L.L.C., a Delaware limited liability company (collectively, the "<u>Acquired Companies</u>") (the transactions contemplated by the Purchase Agreement, the "<u>Transactions</u>").

The Purchase Price (as defined in the Purchase Agreement) consisted of a base purchase price of $1.9 billion subject to certain customary adjustments, including the Acquired Companies' working capital, cash, indebtedness, and certain other adjustments, as specified in the Purchase Agreement. Buyer funded the Transactions with a combination of cash and the assumption of the Acquired Companies' senior secured credit facility, including an existing term loan with approximately $800 million principal outstanding.

The foregoing description of the Purchase Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Purchase Agreement, a copy which is incorporated herein by reference to Exhibit 2.1 to Vistra's Current Report on Form 8-K filed on May 15, 2025. The representations and warranties contained in the Purchase Agreement were made only for the purposes of the Purchase Agreement as of specific dates, are solely for the benefit of the parties thereto, and may have been qualified by certain disclosures between the parties thereto and a contractual standard of materiality different from those generally applicable to investors, among other limitations. The representations and warranties were made for the purposes of allocating contractual risk between the parties to the Purchase Agreement and should not be relied upon as a disclosure of factual information relating to Vistra or its affiliates or any of the parties to the Purchase Agreement. Moreover, information concerning the subject matter of the representations, warranties and covenants may have changed after the date of the Purchase Agreement, which subsequent information may or may not be fully reflected in public disclosures.

#### Item 7.01 – Regulation FD Disclosure
On October 22, 2025, Vistra issued a press release announcing the completion of the Transactions, which is attached as Exhibit 99.1 hereto, and is incorporated into this report by reference.

The information in this Item 7.01 and Exhibit 99.1 attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act except as shall be expressly set forth by specific reference in such a filing.

#### Item 9.01 – Financial Statements and Exhibits
d) Exhibits.

---

| | |
|:---|:---|
| **Exhibit<br>No.** | **Description** |
| 2.1\* | [Purchase and Sale Agreement, dated May 15, 2025, by and among Vistra Operations Company LLC, NEP Holdco 1, L.L.C., NatGas Fund Holdings, L.L.C., SEIF III NatGas Holdings, L.L.C. and Edgewater Parent, L.L.C. (incorporated by reference to Exhibit 2.1 to Vistra's Current Report on Form 8-K filed on May 15, 2025)](http://www.sec.gov/Archives/edgar/data/1692819/000119312525123660/d948204dex21.htm) |
| 99.1 | [Press Release dated October 22, 2025](d912702dex991.htm) |
| 104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. |

---

\* Certain exhibits, schedules and annexes to this exhibit have been omitted pursuant to Item 601(a)(5) of Regulation S-K. Vistra agrees to furnish supplementally a copy of any omitted exhibits, schedules or annexes to the SEC upon its request.

------

#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Dated: October 28, 2025

---

| | |
|:---|:---|
| **VISTRA CORP.** | **VISTRA CORP.** |
| By: | /s/ Yuki Whitmire |
| Name: | Yuki Whitmire |
| Title: | Vice President, Associate General Counsel and Corporate Secretary |

---

## Exhibit 99.1

**Exhibit 99.1**![LOGO](g912702g1028223842947.jpg)

![LOGO](g912702g1028223843153.jpg)

**FOR IMMEDIATE PUBLICATION** 

**Vistra Completes Acquisition of Seven Natural Gas** 

**Plants, Expanding Diverse Generation Fleet** 

*2,600 megawatts of capacity in key markets enhance company's ability to meet customer needs* 

**IRVING, Texas — Oct. 22, 2025—** Vistra (NYSE: VST) today announced it has completed the acquisition of seven modern natural gas generation facilities totaling approximately 2,600 MW of capacity from Lotus Infrastructure Partners. The transaction closing follows receipt of all required regulatory approvals.

With this acquisition, Vistra geographically expands its diverse generation portfolio, adding highly efficient assets across key competitive markets, including PJM, New England, New York, and California. These modern facilities strengthen Vistra's ability to deliver reliable, affordable, and flexible power to customers as the company continues to support the nation's energy future.

"This acquisition reflects Vistra's disciplined, opportunistic approach to growth," said **Jim Burke, president and chief executive officer of Vistra**. "We start with the needs of our customers – building on our operational capabilities – and then pursue acquisitions that are the right fit for Vistra, with a sharp focus on returns as well as scale. These assets align well with our existing portfolio and our team's expertise and enhance our ability to deliver consistent value for our customers and shareholders."

Burke continued, "We're excited to welcome new team members to Vistra and to build strong partnerships in the communities where these plants operate. Supporting our neighbors and giving back to the places our people and plants call home has always been part of who we are. With the experience gained from integrating large fleets, our teams are well prepared to ensure a seamless transition, guided by our focus on safety and operational excellence."

**Media** 

Meranda Cohn

Media.Relations@vistracorp.com

214-875-8004

![LOGO](g912702g1028223843255.jpg)

------

**Vistra News Release** 

**Analysts** 

Eric Micek

Investor@vistracorp.com

214-812-0046

**About Vistra** 

Vistra (NYSE: VST) is a leading Fortune 500 integrated retail electricity and power generation company based in Irving, Texas, that provides essential resources to customers, businesses, and communities from California to Maine. Vistra is a leader in transforming the energy landscape, with an unyielding focus on reliability, affordability, and sustainability. The company safely operates a reliable, efficient power generation fleet of natural gas, nuclear, coal, solar, and battery energy storage facilities while taking an innovative, customer-centric approach to its retail business. Learn more at vistracorp.com.