Venture Global Announces Upsizing and Pricing of $2,500,000,000 Senior Secured Notes by Venture Global Calcasieu Pass, LLC

Venture Global LNG, Inc.

2021/7/30 16:30



ARLINGTON, Va., July 30, 2021 /PRNewswire=KYODO JBN/ --


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.