Venture Global, Inc. has announced the closing of a significant offering of $4,000,000,000 aggregate principal amount of senior secured notes. This offering includes two series: 6.50% senior secured notes due 2034 in an aggregate principal amount of $2,000,000,000 and 6.75% senior secured notes due 2036 in an aggregate principal amount of $2,000,000,000.
This latest offering follows the issuance of $2,500,000,000 of senior secured notes by Venture Global Plaquemines LNG, LLC (VGPL) 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 liquefied natural gas (LNG) in December 2024.
The net proceeds from this offering are intended to be used for prepaying certain amounts outstanding under VGPL’s existing senior secured first lien credit facilities and paying fees and expenses related to the offering. The notes are guaranteed by Venture Global Gator Express, LLC, an affiliate of VGPL, and 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.
Moreover, it is noteworthy that Venture Global's first facility, Calcasieu Pass, commenced producing LNG in January 2022 and achieved commercial operations in April 2025. Its second facility, Plaquemines LNG, achieved first production of LNG in December 2024. The company is currently developing over 100 million metric tons per annum (mtpa) of nameplate production capacity. Additionally, Venture Global is working on 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. Check out the company's full 8-K submission here.
