Venture Global Plaquemines LNG, LLC (VGPL) has successfully closed an offering of $4,000,000,000 aggregate principal amount of senior secured notes, which includes two series: 6.50% senior secured notes due 2034 in the amount of $2,000,000,000 and 6.75% senior secured notes due 2036 in the amount of $2,000,000,000.
This recent offering 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 company plans to use the net proceeds from the offering 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.
As part of the announcement, it was also highlighted that 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.
Additionally, it's worth noting that Venture Global's first facility, Calcasieu Pass, began producing LNG in January 2022 and achieved commercial operations in April 2025. The Plaquemines LNG facility achieved first production of LNG in December 2024. The company is currently constructing and developing over 100 million metric tons per annum (mtpa) of nameplate production capacity to provide clean, affordable energy to the world. Furthermore, Venture Global is also working on carbon capture and sequestration projects at each of its LNG facilities.
These figures and developments demonstrate the company's significant fundraising efforts and its ongoing commitment to expanding its LNG production capacity and supporting clean energy initiatives. Following these announcements, the company's shares moved 0.65%, and are now trading at a price of $15.56. For more information, read the company's full 8-K submission here.
