ARLINGTON, Va., July 24, 2024 /PRNewswire/ -- Venture
Global LNG, Inc. ("Venture Global") announced today that it
has closed its offering of $1.5
billion 7.00% senior secured notes due 2030 (the "Notes").
The Notes will mature on January 15,
2030 and were issued at par. 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 (the "Securities Act") 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
press release 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.
About Venture Global
Venture Global is a long-term, low-cost provider of U.S.
LNG sourced from resource rich North American natural gas
basins. Venture Global's first facility, Calcasieu Pass,
commenced producing LNG in January
2022. The company's second facility, Plaquemines LNG, is
under construction and expected to produce first LNG in 2024. The
company is currently constructing and developing over 74 MTPA of
nameplate production capacity to provide clean, affordable energy
to the world. Venture Global is developing Carbon
Capture and Sequestration (CCS) projects at each of its LNG
facilities.
Forward-Looking Statements
This press release contains certain statements that may include
"forward-looking statements." All statements, other than statements
of historical or present facts or conditions, included herein are
"forward-looking statements." Included among "forward- looking
statements" are, among other things, statements regarding Venture
Global's business strategy, plans and objectives, including the use
of proceeds from the offering. Venture Global believes that the
expectations reflected in these "forward-looking statements" are
reasonable, they are inherently uncertain and involve a number of
risks and uncertainties beyond Venture Global's control. In
addition, assumptions may prove to be inaccurate. Actual results
may differ materially from those anticipated or implied in
"forward-looking statements" as a result of a variety of factors.
These "forward-looking statements" speak only as of the date made,
and other than as required by law, Venture Global undertakes no
obligation to update or revise any "forward-looking statement" or
provide reasons why actual results may differ, whether as a result
of new information, future events or otherwise.
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