Loan & DebtJun 11, 2026, 04:12 PM
Venture Global LNG Issues $2.25B Notes; Redeems 8.125% Debt
AI Summary
Venture Global LNG, a wholly-owned subsidiary of Venture Global, Inc., completed its previously announced offering of $2.25 billion in senior secured notes. This offering included $1.125 billion of 6.375% notes due 2034 and $1.125 billion of 6.625% notes due 2036. The gross proceeds were utilized to redeem all of VGLNG's outstanding 8.125% senior secured notes due 2028, effectively refinancing existing debt at lower interest rates and extending maturities. The new notes are secured on a first-priority basis and include various restrictive and affirmative covenants.
Key Highlights
- Venture Global LNG completed a $2.25 billion senior secured notes offering.
- Issued $1.125 billion of 6.375% senior secured notes due December 15, 2034.
- Issued $1.125 billion of 6.625% senior secured notes due June 15, 2036.
- Gross proceeds were used to redeem all outstanding 8.125% senior secured notes due 2028.
- The new notes are secured on a first-priority basis by the same collateral as existing debt.
- Interest on the new notes will be payable semi-annually on June 15 and December 15.
- VGLNG has options to redeem the 2034 Notes from December 15, 2029, and the 2036 Notes from June 15, 2031.
Price Impact
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