| Item 1.01. | Entry into a Material Definitive Agreement. |
Vistra Operations Credit Agreement Amendment
As of March 29, 2019 (the “Effective Date”), Vistra Operations Company LLC (“Vistra Operations” or “Borrower”), an indirect, wholly owned subsidiary of Vistra Energy Corp. (the “Company”), entered into an amendment (the “Credit Agreement Amendment”) to that certain Credit Agreement, dated as of October 3, 2016 (as amended, supplemented or otherwise modified from time to time, the “Vistra Operations Credit Agreement”), among Vistra Operations, as Borrower, Vistra Intermediate Company LLC (“Vistra Intermediate”), as Holdings, the guarantors party thereto, Credit Suisse AG, Cayman Island Branch (“Credit Suisse”), as Administrative and Collateral Agent, Bank of Montreal, Chicago Branch, as a new Revolving Loan Lender, Revolving Letter of Credit Issuer and Joint Lead Arranger (as each term is defined in the Vistra Operations Credit Agreement) (the “2019 New Revolving Loan Lender”), and the other parties named therein. In connection with the Credit Agreement Amendment, the Borrower established New Revolving Credit Commitments (as defined in the Vistra Operations Credit Agreement), whereby as of the Effective Date, (i) the aggregate amount of Revolving Credit Commitments (as defined in the Vistra Operations Credit Agreement) of all lenders is increased to $2,675,000,000 from $2,500,000,000 and (ii) the Revolving Letter of Credit Commitment (as defined in the Vistra Operations Credit Agreement) is increased to $2,350,000,000 from $2,300,000,000.
A copy of the Credit Agreement Amendment is included as Exhibit 10.1 to 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.
| Item 2.03. | Creation of a Direct Financial Obligation or an Obligation under anOff-Balance Sheet Arrangement of a Registrant. |
The information contained in Item 1.01 concerning the Company’s direct financial obligations under the heading “Vistra Operations Credit Agreement Amendment” of this Current Report is incorporated by reference herein.
