debt
confidence high
sentiment neutral
materiality 0.60
Venture Global JV Blackfin secures $1.55B credit facilities for Texas pipeline
Venture Global, Inc.
- Blackfin Pipeline LLC (VG JV with WhiteWater) entered up to $1.55B facilities: $1.05B TLB, $425M TLA, $75M revolver.
- Proceeds fund a 3.3 Bcf/d natural gas pipeline from Colorado to Jasper County, Texas, plus reimburse affiliates for prior costs.
- TLB fully drawn at close, matures Sept 29, 2032; TLA & revolver mature Sept 29, 2030.
- Facilities secured by first-priority lien on substantially all assets of guarantors and equity of borrower.
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