Loan & DebtJun 26, 2026, 04:37 PM
Venture Global Subsidiary Secures $1.5B Senior Secured Term Loan
AI Summary
Venture Global Shipping Holdings, LLC, an indirect wholly-owned subsidiary of Venture Global, Inc., entered into a Credit and Guaranty Agreement for a senior secured term loan facility. The facility provides up to $1.5 billion, with proceeds allocated for general corporate purposes, including reimbursing for the acquisition of nine LNG carriers. The loan matures in June 2032, bears interest at Term SOFR plus 2.00%, and is secured by the vessels and equity interests.
Key Highlights
- Venture Global Shipping secured a senior secured term loan facility.
- The facility provides up to $1,500,000,000 or 65% of vessel appraised value.
- Proceeds will fund general corporate purposes and reimburse for nine LNG carrier acquisitions.
- The facility matures on June 26, 2032.
- Interest rate is Term SOFR (0% floor) plus an applicable margin of 2.00%.
- Repayment in quarterly installments based on a 20-year age-adjusted profile.
- Secured by first priority ship mortgages on vessels and equity interests.
- Includes financial maintenance covenants: minimum debt service coverage ratio and collateral maintenance test.
Price Impact
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