Venture Global LNG, Inc. have announced that it has closed its offering of $4 billion aggregate principal amount of senior secured notes which have been issued in two series: a series of 9.500 percent senior secured notes due 2029 in an aggregate principal amount of $2.5 billion and a series of 9.875 percent senior secured notes due 2032 in an aggregate principal amount of $1.5 billion. Venture Global’s $4.5 billion senior secured notes offering in May 2023 and the offering of the Notes, represent the first and second largest high yield bond offerings in 2023, respectively.
The 2029 Notes will mature on February 1, 2029 and the 2032 Notes will mature on February 1, 2032. The 2029 Notes were issued at par and the 2032 Notes were issued at 99.214 percent of the principal amount thereof. The Notes are secured on a pari passu basis by a first-priority security interest in substantially all of the existing and future assets of Venture Global and the future guarantors, if any, subject to customary exclusions.
The Notes were not registered under the Securities Act of 1933, as amended 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 article 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.
For more information visit www.venturegloballng.com
