Country for PR: United States
Contributor: PR Newswire New York
Tuesday, November 23 2021 - 04:09
AsiaNet
Venture Global Announces Closing of $1,250,000,000 Senior Secured Notes by Venture Global Calcasieu Pass, LLC
ARLINGTON, Va., Nov. 23, 2021 /PRNewswire-AsiaNet/ --

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. 

Logo - 
https://mma.prnewswire.com/media/825434/VENTURE_GLOBAL_LNG_INC___Logo.jpg 

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
Translations

Japanese