Venture Global, Inc. (NYSE: VG) has announced the closing of a significant offering of senior secured notes by its subsidiary, Venture Global Plaquemines LNG, LLC (VGPL). The offering, totaling $4,000,000,000 in aggregate principal amount, is comprised of two series: a series of 6.50% senior secured notes due 2034 in the amount of $2,000,000,000 and a series of 6.75% senior secured notes due 2036 in the amount of $2,000,000,000.
This announcement follows the issuance of $2,500,000,000 of senior secured notes by 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 LNG in December 2024.
The net proceeds from the offering are intended to be used to prepay certain amounts outstanding under VGPL’s existing senior secured first lien credit facilities and to pay fees and expenses in connection 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, with assets across the LNG supply chain including LNG production, natural gas transport, shipping, and regasification. Its 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, and the company is currently constructing and developing over 100 mtpa of nameplate production capacity to provide clean, affordable energy to the world. Additionally, Venture Global is developing 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 more information, read the company's full 8-K submission here.
