ARLINGTON, Va. - Friday, 10. April 2026
(BUSINESS
WIRE)--Today, Venture Global, Inc. (NYSE: VG) announced that its
subsidiary Calcasieu Pass Funding, LLC (the “Company”), which indirectly
controls the Calcasieu Pass project, entered into a $1,750,000,000
senior secured, term loan B credit facility (the “Facility”). Venture
Global used a portion of the proceeds from the Facility to redeem, in
full, the preferred equity interests of the Company that were previously
issued to Stonepeak Bayou Holdings II LP.
“We’re very pleased to
successfully close this $1.75 billion secured credit facility, which
represents a significant milestone for our company,” said Venture Global
CEO Mike Sabel. “This transaction meaningfully reduces our overall cost
of capital while further strengthening our balance sheet and liquidity
position. Just as importantly, it demonstrates our continued ability to
efficiently access the capital markets, even in a dynamic environment.
We believe this enhanced financial flexibility positions us well to
execute on our strategic priorities and drive long-term value for our
stakeholders.”
Goldman Sachs served as Lead Left Arranger and
Bookrunner while Barclays, Natixis and Wells Fargo each served as Lead
Right Arrangers and Joint Bookrunners for the Facility. Latham &
Watkins LLP served as counsel to Venture Global and Skadden, Arps,
Slate, Meagher & Flom LLP served as counsel to the arrangers.
About Venture Global
Venture
Global is an American producer and exporter of low-cost U.S. liquefied
natural gas (LNG) with over 100 MTPA of capacity in production,
construction, or development. Venture Global began producing LNG from
its first facility in 2022 and is now one of the largest LNG exporters
in the United States. The company’s vertically integrated business
includes assets across the LNG supply chain including LNG production,
natural gas transport, shipping and regasification. The company’s first
three projects, Calcasieu Pass, Plaquemines LNG, and CP2 LNG, are
located in Louisiana along the U.S. Gulf Coast. Venture Global is
developing Carbon Capture and Sequestration projects at each of its LNG
facilities.
Forward-looking Statements
This press release
contains forward-looking statements. We intend such forward-looking
statements to be covered by the safe harbor provisions for
forward-looking statements contained in Section 27A of the Securities
Act of 1933, as amended (the “Securities Act”), and Section 21E of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”). All
statements, other than statements of historical facts, included herein
are “forward-looking statements.” In some cases, forward-looking
statements can be identified by terminology such as “may,” “might,”
“will,” “could,” “should,” “expect,” “plan,” “project,” “intend,”
“anticipate,” “believe,” “estimate,” “predict,” “potential,” “pursue,”
“target,” “continue,” the negative of such terms or other comparable
terminology.
These forward-looking statements, which are subject
to risks, uncertainties and assumptions about us, may include statements
about our future performance, our contracts, our anticipated growth
strategies and anticipated trends impacting our business. These
statements are only predictions based on our current expectations and
projections about future events. There are important factors that could
cause our actual results, level of activity, performance or achievements
to differ materially from the results, level of activity, performance
or achievements expressed or implied by the forward-looking statements.
Those factors include our need for significant additional capital to
construct and complete future projects and related assets, and our
potential inability to secure such financing on acceptable terms, or at
all; our potential inability to accurately estimate costs for our
projects, and the risk that the construction and operations of natural
gas pipelines and pipeline connections for our projects suffer cost
overruns and delays related to obtaining regulatory approvals,
development risks, labor costs, unavailability of skilled workers,
operational hazards and other risks; the uncertainty regarding the
future of global trade dynamics, international trade agreements and the
United States’ position on international trade, including the effects of
tariffs; our dependence on our EPC and other contractors for the
successful completion of our projects, including the potential inability
of our contractors to perform their obligations under their contracts;
various economic and political factors, including opposition by
environmental or other public interest groups, or the lack of local
government and community support required for our projects, which could
negatively affect the permitting status, timing or overall development,
construction and operation of our projects; and risks related to other
factors discussed under “Item 1A.—Risk Factors” of our annual report on
Form 10-K for the year ended December 31, 2025 as filed with the
Securities and Exchange Commission (“SEC”) and any subsequent reports
filed with the SEC.
Any forward-looking statements contained
herein speak only as of the date of this press release and are based on
assumptions that we believe to be reasonable as of this date. We
undertake no obligation to update these statements to reflect subsequent
events or circumstances, except as may be required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260410284514/en/
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Contacts
Investor contact:
Ben Nolan
IR@ventureglobalLNG.com
Media contact:
Shaylyn Hynes
press@ventureglobalLNG.com
