On June 4, 2025, Vista Energy successfully priced a US$500 million 2033 senior unsecured bond at par to yield 8.5%. The final pricing is in line with the initial price talk of mid 8% and the guidance of 8.5%. The notes are expected to be rated BB- by Fitch. Proceeds are expected to be used for general corporate purposes, including the refinancing of existing debt and capital expenditures. The notes are governed by NY law.
The notes have a 7-year weighted average life, with semiannual interest payments and soft bullet amortization through three equal annual installments in 2031, 2032, and 2033.
