Sep. 11 at 10:16 PM
$VST This is debt financing, not an equity issuance. Vistra is raising
$1.5bn through junior subordinated notes, so it is borrowing money rather than issuing new common shares. That means no increase in common shares outstanding and no dilution for existing shareholders.
Part of the proceeds may also be used to redeem preferred stock, so this is essentially a capital structure / refinancing transaction, not a dilutive equity raise.
