Venture Global Completes $1.5 Billion Vessel Financing

en.Wedoany.com Reported - Venture Global, Inc. (NYSE: VG) announced that its wholly owned subsidiary, Venture Global Shipping Holdings, LLC ("VGSH"), has entered into a credit and guarantee agreement to establish a senior secured term loan facility with a total principal amount of up to $1.5 billion, maturing on June 26, 2032.

Deutsche Bank and ING acted as joint coordinating lead arrangers for the facility, with ING also serving as facility agent and security trustee.

VGSH plans to use the net proceeds from the facility for general corporate purposes, including reimbursing Venture Global LNG, Inc. for payments previously made by it or its affiliates for the acquisition of nine LNG carriers, funding certain reserve accounts, and paying transaction fees and expenses.

Venture Global is a U.S. liquefied natural gas (LNG) producer and exporter with over 1 million tonnes per annum (MTPA) of capacity across production, construction, or development stages. Since commencing LNG production from its first facility in 2022, the company has grown into one of the largest LNG exporters in the United States. Its vertically integrated operations encompass LNG supply chain assets, including LNG production, natural gas transportation, shipping, and regasification. Venture Global's first three projects—Calcasieu Pass, Plaquemines LNG, and CP2 LNG—are all located in Louisiana along the U.S. Gulf of America region. The company is developing carbon capture and storage projects at each of its LNG facilities.

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