Venture Global Closing $4.5bn Senior Secured Notes

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(Venture Global, 26.May.2023) — Venture Global LNG, Inc. closed its inaugural offering of $4,500mn aggregate principal amount of senior secured notes which have been issued in two series: (i) a series of 8.125% senior secured notes due 2028 in an aggregate principal amount of $2,250 mn (the “2028 Notes”) and (ii) a series of 8.375% senior secured notes due 2031 in an aggregate principal amount of $2,250mn (the “2031 Notes” and, together with the 2028 Notes, the “Notes”). The 2028 Notes will mature on 1 June 2028 and the 2031 Notes will mature on 1 June 2031. The Notes were issued at par. The aggregate principal amount of issued Notes represents an increase of $1,000mn from the initially offered amount of $3,500mn.

Venture Global intends to use the net proceeds from the offering (i) to prepay, in full, its existing senior secured first lien credit facilities, (ii) to pay fees and expenses in connection with the offering, and (iii) for general corporate purposes. The Notes are secured on a pari passu basis by a first-priority security interest in substantially all of the existing and future assets of Venture Global and the future guarantors, if any, subject to customary exclusions.

The Notes were not registered under the Securities Act of 1933, as amended or the securities laws of any state or other jurisdictions, and the Notes may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from the registration requirements of the Securities Act. 


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