Venture Global Closes $4 Billion Offering

By Bobby Samwell • Saturday, July 05 06:03 • Permanent Link

Venture Global, Inc. announced that its subsidiary, Venture Global Plaquemines LNG, LLC (VGPL), has closed an offering of $4,000,000,000 aggregate principal amount of senior secured notes. This offering consists of two series: $2,000,000,000 of 6.50% senior secured notes due 2034 (2034 Notes) and $2,000,000,000 of 6.75% senior secured notes due 2036 (2036 Notes).

This brings 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 will be used to prepay certain amounts outstanding under VGPL’s existing senior secured first lien credit facilities and to pay fees and expenses related to the offering.

The notes are guaranteed by Venture Global Gator Express, LLC, 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.

It's important to note that the notes were not registered under the Securities Act of 1933 or the securities laws of any state or other jurisdictions, and may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from the registration requirements.

Venture Global is a long-term, low-cost provider of U.S. LNG sourced from resource-rich North American natural gas basins. Its first facility, Calcasieu Pass, commenced producing LNG in January 2022 and achieved commercial operations in April 2025. The company’s second facility, Plaquemines LNG, achieved first production of LNG in December 2024. Currently, Venture Global is constructing and developing over 100 mtpa of nameplate production capacity to provide clean, affordable energy to the world. Additionally, the company is developing carbon capture and sequestration projects at each of its LNG facilities. As a result of these announcements, the company's shares have moved 0.65% on the market, and are now trading at a price of $15.56. For more information, read the company's full 8-K submission here.

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