Vistra Energy Corp. unit Vistra Operations Co. LLC amended its credit agreement, according to a June 15 filing.

The amendment, outlined in a Form 8-K, allows for the reduction of rate margins interest applicable to the initial term loans to a rate equal to the London Interbank Offered Rate plus an applicable margin of 2.00% or a base rate plus an applicable margin of 1.00%. For the revolving credit loans, the interest rate margins were reduced to a rate equal to LIBOR plus an applicable margin of 1.75% or a base rate plus applicable margin of 0.75%.

Maturity of the revolving credit was also extended to June 14, 2023, from Aug. 4, 2021. The total revolving credit commitment was hiked to $2.5 billion from $860 million, while the revolving credit commitment was increased to $2.3 billion from $715 million.

Further, Vistra Operations also incurred new class of incremental term loans of $2.05 billion to fund the Dynegy Inc. credit agreement payoff. Interest will bear at a rate equal to LIBOR plus applicable margin of 2.00% or a base plus an applicable margin of 1.00%.