debt
confidence high
sentiment positive
materiality 0.90
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.
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