debt
confidence high
sentiment neutral
materiality 0.50
Venture Global subsidiary VGPL issues $2.5B in senior secured notes (7.50% 2033, 7.75% 2035) to refinance
Venture Global, Inc.
- Issued $1.25B of 7.50% senior secured notes due 2033 and $1.25B of 7.75% senior secured notes due 2035.
- Net proceeds used to prepay amounts outstanding under VGPL's existing senior secured first lien credit facilities.
- Notes are guaranteed by affiliate Venture Global Gator Express, LLC and secured pari passu with existing credit facilities.
- Offering closed April 21, 2025; notes sold in private placement under Rule 144A/Regulation S.