debt
confidence high
sentiment neutral
materiality 0.55
Venture Global Plaquemines LNG closes $4B senior secured notes offering at 6.50% and 6.75%
Venture Global, Inc.
- VGPL issued $2B of 6.50% senior secured notes due 2034 and $2B of 6.75% notes due 2036.
- Combined total senior secured notes by VGPL now $6.5B since LNG production began Dec 2024.
- Net proceeds to prepay amounts under existing credit facilities and pay offering fees.
- Notes mature Jan 15, 2034 (2034 notes) and Jan 15, 2036 (2036 notes); interest payable semi-annually.
- Guarantee by Venture Global Gator Express, LLC; secured pari passu with existing credit facilities.
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