Loan & DebtJun 2, 2026, 06:06 AM
Venture Global LNG Prices $2.25B Senior Secured Notes Offering
AI Summary
Venture Global, Inc. announced through its subsidiary, Venture Global LNG, Inc., the pricing of a $2.25 billion offering of senior secured notes. The offering includes $1.125 billion of notes due 2034 with a 6.375% interest rate and $1.125 billion of notes due 2036 with a 6.625% interest rate. The proceeds will be used to redeem all outstanding 8.125% senior secured notes due 2028. The redemption is contingent upon the successful closing of the new notes offering, with cash on hand to cover associated premiums and expenses. The offering is being conducted as a private placement to qualified institutional buyers.
Key Highlights
- Venture Global LNG to offer $2.25B in senior secured notes due 2034 and 2036.
- Proceeds to redeem $1.125B of 8.125% senior secured notes due 2028.
- New notes include $1.125B of 6.375% notes due 2034 and $1.125B of 6.625% notes due 2036.
- Redemption of existing notes is conditional on closing the new notes offering.
- Cash on hand will cover redemption premium and related fees and expenses.
- Offering is a private placement to qualified institutional buyers under Rule 144A.
Price Impact
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