Item 1.01.
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Entry into a Material Definitive Agreement.
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Accounts Receivable Facility Joinders and Amendments
On April 1, 2019, TXU Energy Receivables Company LLC (TXU Receivables), a wholly owned subsidiary of TXU Energy Retail Company LLC (TXU
Retail), and Vistra Operations entered into an amendment (the RPA Amendment) to the Receivables Purchase Agreement dated as of August 21, 2018 (as amended, supplemented or otherwise modified from time to time, the
RPA) among TXU Receivables, as seller, TXU Retail, as servicer, Vistra Operations, as performance guarantor, certain purchaser agents and purchasers named therein and Credit Agricole Corporate and Investment Bank, as administrator (the
Administrator), which amends certain provisions, including increasing the commitment of the purchasers to purchase interests in the receivables under the RPA from $350 million to $450 million.
In connection with the RPA Amendment, (i) Dynegy Energy Services, LLC (DES) and Dynegy Energy Services (East), LLC (DESE), both
wholly owned indirect subsidiaries of Vistra Operations, entered into joinders, pursuant to which each of DES and DESE (x) became originators under the PSA (defined below) and (y) have sold and will continue to sell receivables to TXU
Receivables, and (ii) TXU Receivables, TXU Retail, DES and DESE entered into an amendment (the PSA Amendment and together with the RPA Amendment, the Receivable Amendments) to the Purchase and Sale Agreement, dated as of
August 21, 2018 (as amended, supplemented or otherwise modified from time to time, the PSA), among TXU Receivables, TXU Retail, DES and DESE.
A copy of the PSA Amendment is included as Exhibit 4.1 to this Current Report and is incorporated herein by reference. A copy of the RPA Amendment is included
as Exhibit 4.2 to this Current Report and is incorporated herein by reference. The above description of the Receivable Amendments does not purport to be complete and is qualified in its entirety by reference to the full text of each Receivable
Amendment.