(Venture Global LNG, 24.Oct.2023) — Venture Global LNG, Inc. closed its offering of $4bn aggregate principal amount of senior secured notes which have been issued in two series: (i) a series of 9.500% senior secured notes due 2029 in an aggregate principal amount of $2.5bn (the “2029 Notes”) and (ii) a series of 9.875% senior secured notes due 2032 in an aggregate principal amount of $1.5bn (the “2032 Notes” and, together with the 2029 Notes, the “Notes”). Venture Global’s $4.5bn senior secured notes offering in May 2023 and the offering of the Notes, represent the first and second largest high yield bond offerings in 2023, respectively.
The 2029 Notes will mature on 1 February 2029 and the 2032 Notes will mature on 1 February 2032. The 2029 Notes were issued at par and the 2032 Notes were issued at 99.214% of the principal amount thereof. 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. This press release shall not constitute an offer to sell or a solicitation of an offer to buy the Notes, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale of these securities would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.