Country for PR: United States
Contributor: PR Newswire New York
Friday, July 30 2021 - 09:01
Venture Global Announces Upsizing and Pricing of $2,500,000,000 Senior Secured Notes by Venture Global Calcasieu Pass, LLC
ARLINGTON, Va., July 30, 2021 /PRNewswire-AsiaNet/ --

Venture Global LNG, Inc. ("Venture Global") announced today that its 
subsidiary, Venture Global Calcasieu Pass, LLC ("VGCP") has successfully priced 
its offering of $2,500,000,000 aggregate principal amount of senior secured 
notes, which will be issued in two series: (i) a series of 3.875% senior 
secured notes due 2029 in an aggregate principal amount of $1,250,000,000 (the 
"2029 Notes") and (ii) a series of 4.125% senior secured notes due 2031 in an 
aggregate principal amount of $1,250,000,000 (the "2031 Notes" and, together 
with the 2029 Notes, the "Notes"). The 2029 Notes will mature on August 15, 
2029 and the 2031 Notes will mature on August 15, 2031. The Notes will be 
issued at par. The aggregate principal amount of Notes offered of 
$2,500,000,000 represents an increase of $1,000,000,000 from the previously 
offered amount of $1,500,000,000.

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VGCP intends to use the net proceeds from the offering to (i) prepay certain 
amounts outstanding under VGCP's existing senior secured first lien credit 
facilities (the "Existing Credit Facilities"), (ii) pay breakage and hedge 
termination costs in connection with such prepayment and (iii) pay fees and 
expenses in connection with the offering.  On the issue date of the Notes, 
TransCameron Pipeline, LLC (VGCP's affiliate) will guarantee the Notes. The 
Notes will be secured on a pari passu basis by a first-priority security 
interest in the assets that secure the Existing Credit Facilities.

The Notes will not be registered under the Securities Act of 1933, as amended 
(the "Securities Act") or the securities laws of any state or other 
jurisdictions, and the Notes may not be offered or sold in the United States 
absent registration under the Securities Act or an applicable exemption from 
the registration requirements of the Securities Act.  This press release shall 
not constitute an offer to sell or a solicitation of an offer to buy the Notes, 
nor shall there be any sale of these securities in any jurisdiction in which 
such offer, solicitation or sale of these securities would be unlawful prior to 
registration or qualification under the securities laws of any such 

About Venture Global

Venture Global is a long-term, low-cost provider of U.S. LNG to be sourced from 
resource rich North American natural gas basins. Venture Global is currently 
constructing or developing 70 MTPA of production capacity in Louisiana to 
provide clean, affordable energy to the world. 

Forward-Looking Statements

This press release contains certain statements that may include 
"forward-looking statements."  All statements, other than statements of 
historical or present facts or conditions, included herein are "forward-looking 
statements."  Included among "forward-looking statements" are, among other 
things, statements regarding Venture Global's business strategy, plans and 
objectives, including the use of proceeds from the offering.  Venture Global 
believes that the expectations reflected in these "forward-looking statements" 
are reasonable, they are inherently uncertain and involve a number of risks and 
uncertainties beyond Venture Global's control. In addition, assumptions may 
prove to be inaccurate. Actual results may differ materially from those 
anticipated or implied in "forward-looking statements" as a result of a variety 
of factors. These "forward-looking statements" speak only as of the date made, 
and other than as required by law, Venture Global undertakes no obligation to 
update or revise any "forward-looking statement" or provide reasons why actual 
results may differ, whether as a result of new information, future events or 

SOURCE: Venture Global LNG, Inc.