Venture Global Announces Closing of $1,250,000,000 Senior Secured Notes by Venture Global Calcasieu Pass, LLC
PR93222
ARLINGTON, Va., Nov. 23, 2021 /PRNewswire=KYODO JBN/ --
Venture Global LNG, Inc. ("Venture Global") announced today that its
subsidiary, Venture Global Calcasieu Pass, LLC ("VGCP") has closed its offering
of $1,250,000,000 aggregate principal amount of 3.875% senior secured notes due
2033 (the "Notes"). The Notes will mature on November 1, 2033.
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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. The notes are guaranteed by
TransCameron Pipeline, LLC (VGCP's affiliate). The Notes are secured on a pari
passu basis by a first-priority security interest in the assets that secure the
Existing Credit Facilities and VGCP's existing 3.875% senior secured notes due
2029 and 4.125% senior secured notes due 2031.
The Notes were not 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
jurisdiction.
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
otherwise.
SOURCE Venture Global LNG, Inc.
CONTACT: Shaylyn Hynes, shynes@venturegloballng.com
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