Venture Global, Inc. has announced the closing of a substantial offering of $4,000,000,000 in senior secured notes by its subsidiary, Venture Global Plaquemines LNG, LLC (VGPL). This offering consists of two series of notes: 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 also in the amount of $2,000,000,000.
This offering comes on the heels of a previous issuance of $2,500,000,000 of senior secured notes by VGPL in April 2025, bringing the total 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 this offering will be utilized by VGPL to prepay certain outstanding amounts under its 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, an affiliate of VGPL, and are secured on a first-priority basis by the assets that secure the existing credit facilities and the existing notes.
Venture Global Plaquemines LNG achieved first production of LNG in December 2024 and is currently constructing and developing over 100 million tonnes per annum (mtpa) of nameplate production capacity. This highlights the company's commitment to providing clean, affordable energy to the world.
The successful closing of this significant offering underscores Venture Global's position as a long-term, low-cost provider of U.S. LNG sourced from resource-rich North American natural gas basins. It is evident that the company is strategically expanding its LNG production capacity and engaging in initiatives like carbon capture and sequestration projects at its LNG facilities, demonstrating a focus on sustainable energy development. 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.
