DYN 8 ⅛ 01/30/26

Dynegy Inc

Credit, Energy


Dynegy Inc 8.125% 30 Jan ’26 

Publicly traded companies mentioned herein: Dynegy Inc (DYN), Vistra Energy Corp (VST)

Highlights

The presenter sees favorable dynamics from the recently announced purchase of Dynegy by Vistra Energy. He believes there is limited risk should the deal ultimately fall through, but sees meaningful upside from the combination, which would entail tax savings and cost synergies. The presenter highlights the 8.125% 30 Jan ’26 bonds, but notes that “the math works for most of the other liens as well.”

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Idea Discussion

Commentor 1 - 2 weeks ago

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