Business Wire·Apr 10, 2026, 10:02 AM ET

Venture Global Announces Closing of $1.75 Billion Senior Secured Credit Facility

Venture Global Inc. announced its subsidiary Calcasieu Pass Funding, LLC secured a $1.75 billion senior secured term loan B credit facility.
Proceeds from the facility were used to fully redeem preferred equity interests previously held by Stonepeak Bayou Holdings II LP.
CEO Mike Sabel stated the transaction reduces the company's cost of capital, strengthens the balance sheet, & enhances liquidity.
Goldman Sachs served as Lead Left Arranger & Bookrunner, while Barclays, Natixis, & Wells Fargo acted as Lead Right Arrangers & Joint Bookrunners.
Latham & Watkins LLP represented Venture Global, while Skadden, Arps, Slate, Meagher & Flom LLP represented the arrangers.
Venture Global is a U.S. LNG producer & exporter with over 100 MTPA of capacity in production, construction, or development.
The company's vertically integrated business covers LNG production, natural gas transport, shipping, & regasification.
Key projects include Calcasieu Pass, Plaquemines LNG, & CP2 LNG, all located in Louisiana along the U.S. Gulf Coast.
The company is developing Carbon Capture & Sequestration projects at each of its LNG facilities.
The press release includes standard forward-looking statement disclaimers regarding risks such as capital needs, construction delays, & regulatory approvals.