Venture Global Raises $4B in Senior Secured Notes

By Bobby Samwell • Friday, July 04 06:02 • Permanent Link

Venture Global, Inc. (NYSE: VG) announced the closing of a significant offering of senior secured notes by its subsidiary, Venture Global Plaquemines LNG, LLC (VGPL). The offering amounted to $4,000,000,000 in aggregate principal amount, split into two series. The first series consists of 6.50% senior secured notes due 2034, with an aggregate principal amount of $2,000,000,000, while the second series comprises 6.75% senior secured notes due 2036, also totaling $2,000,000,000.

This recent offering comes after VGPL issued $2,500,000,000 of senior secured notes on April 21, 2025, bringing the combined aggregate amount of senior secured notes issued by VGPL to $6,500,000,000 since the project began producing LNG in December 2024.

The net proceeds from the offering are intended to be used for prepaying certain amounts outstanding under VGPL’s existing senior secured first lien credit facilities and to cover fees and expenses associated with the offering. The notes are guaranteed by Venture Global Gator Express, LLC, an affiliate of VGPL, and are secured on a pari passu basis by a first-priority security interest in the assets that secure the existing credit facilities and the existing notes.

Venture Global is a long-term, low-cost provider of U.S. LNG sourced from resource-rich North American natural gas basins. Its business spans the LNG supply chain, including LNG production, natural gas transport, shipping, and regasification. Notably, the company's first facility, Calcasieu Pass, began producing LNG in January 2022 and achieved commercial operations in April 2025. Additionally, its second facility, Plaquemines LNG, achieved first production of LNG in December 2024.

Venture Global's ongoing development efforts encompass over 100 mtpa of nameplate production capacity, with the company also engaged in the development of carbon capture and sequestration projects at each of its LNG facilities. The market has reacted to these announcements by moving the company's shares 0.65% to a price of $15.56. For the full picture, make sure to review Venture Global's 8-K report.

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