STOCKWATCH
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Oil/Gas Transmission
Loan & DebtApr 10, 2026, 04:12 PM

Venture Global Subsidiary Secures $1.75B Term Loan B Facility

AI Summary

Calcasieu Pass Funding, LLC, an indirect subsidiary of Venture Global, Inc., entered into a senior secured Term Loan B Facility totaling $1.75 billion. The entire amount was drawn on April 10, 2026, and the facility is set to mature on April 10, 2033. The funds will be used to fully redeem preferred equity interests held by Stonepeak Bayou Holdings II LP, cover associated costs and fees, and provide for working capital and general corporate purposes. The loan is secured by a first-priority lien on substantially all of the borrower's assets and equity interests.

Key Highlights

  • Venture Global subsidiary secured a $1.75 billion Term Loan B Facility.
  • The loan matures on April 10, 2033.
  • Proceeds will redeem preferred equity, cover fees, and fund working capital.
  • The facility is secured by a first-priority lien on borrower's assets and equity.
VG
Oil/Gas Transmission
Venture Global, Inc.

Price Impact