Venture Global, Inc. (VG): debt financing — Venture Global reaches FID and closes $15.1B financing for CP2 LNG Phase 1

Venture Global, Inc.

Project financing of $15.1B: $12.1B project facilities (SOFR+2.25-2.75%) and $3.0B equity bridge facilities (SOFR+3.50%).
Final investment decision taken; CP2 Phase 1 expected to begin LNG deliveries in 2027.
CP2 Phase 1 peak capacity of 28 MTPA; long-term SPAs with customers in Europe, Asia and globally.
Financing oversubscribed with >$34B commitments from 29 leading banks; no outside equity required.
Project facilities mature July 2032; equity bridge facilities mature July 2028; secured by first-priority liens.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Venture Global, Inc. incurred credit facility of $11.25 billion senior secured first lien construction term loan facility at SOFR plus 2.25% to 2.75% maturing July 28, 2032.

Instrument: credit facility
Principal: $11.25 billion senior secured first lien construction term loan facility
Rate: SOFR plus 2.25% to 2.75%
Maturity: July 28, 2032
Event: incurrence

Exact text from the filing

On July 28, 2025, Venture Global CP2 LNG, LLC (“CP2”), an indirect, wholly-owned subsidiary of Venture Global, Inc. (the “Company”), entered into new secured credit facilities in an aggregate amount of $12.1 billion, consisting of a $11.25 billion senior secured first lien construction term loan facility

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Venture Global, Inc. incurred term loan of $2.809 billion secured equity bridge credit facility at SOFR plus 3.50% maturing July 28, 2028.

Instrument: term loan
Principal: $2.809 billion secured equity bridge credit facility
Rate: SOFR plus 3.50%
Maturity: July 28, 2028
Event: incurrence

Exact text from the filing

CP2 LNG Holdings, LLC (“Holdings”), an indirect, wholly-owned subsidiary of the Company, entered into new secured credit facilities in an aggregate amount of $3.0 billion, consisting of a $2.809 billion secured equity bridge credit facility

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Venture Global, Inc. incurred revolving credit of $850.0 million senior secured first lien working capital revolving loan and letter of credit facility at SOFR plus 2.25% to 2.75% maturing July 28, 2032.

Instrument: revolving credit
Principal: $850.0 million senior secured first lien working capital revolving loan and letter of credit facility
Rate: SOFR plus 2.25% to 2.75%
Maturity: July 28, 2032
Event: incurrence

Exact text from the filing

and a $850.0 million senior secured first lien working capital revolving loan and letter of credit facility

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Venture Global, Inc. filing history →

Source: SEC EDGAR

accession 0002007855-25-000036

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