Venture Global Plaquemines LNG, LLC Issues $2.5 Billion in Senior Secured Notes

Summary

On April 21, 2025, Venture Global Plaquemines LNG, LLC, a subsidiary of Venture Global, Inc., completed the issuance of $2.5 billion aggregate principal amount of senior secured notes in two series: $1.25 billion of 7.50% notes due 2033 and $1.25 billion of 7.75% notes due 2035. The notes are guaranteed by Venture Global Gator Express, LLC, and are secured by a first-priority security interest in the assets securing the existing credit facilities. Venture Global intends to use the net proceeds from the offering to prepay certain amounts under the existing credit facilities and pay fees and expenses related to the offering.