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Last week, Venture Global LNG priced $1.125 billion aggregate principal amount of its 6.375 percent senior secured notes due 2034 and $1.125 billion aggregate principal amount of its 6.625 percent senior secured notes due 2036, in a private offering.
The company announced the closing of this offering in a statement on Thursday.
Venture Global used the gross proceeds from the offering to redeem all of its outstanding 8.125 percent senior secured notes due 2028 and used cash on hand to pay the redemption premium and related fees and expenses for the offering and the redemption.
The 2034 notes will mature on December 15, 2034, and the 2036 notes will mature on June 15, 2036.
The company’s unit Venture Global Calcasieu Pass recently closed its $750 million offering of senior secured notes.
In April last year, Venture Global launched commercial operations at its Calcasieu Pass LNG terminal, some 68 months from its final investment decision and 38 months after production start.
In addition, Venture Global is building the CP2 LNG plant next to the Calcasieu Pass plant, where it plans to add more trains due to high demand, as well as the Plaquemines LNG facility.
The company shipped a total of 130 LNG cargoes from its Calcasieu Pass and Plaquemines LNG export terminals in the first quarter of this year.