Venture Global’s subsidiary, Venture Global Calcasieu Pass (VGGP) has closed its $750,000,000 aggregate principal amount of 6% senior secured notes offering.
The notes will mature on 1st May, 2036.
VGCP used the net proceeds, together with cash on hand and proceeds received from certain hedge terminations, for the prepayment, in full, of its outstanding term loans, and to pay fees and expenses in connection with the offering.
The notes are guaranteed by TransCameron Pipeline, a VGCP’s affiliate and are secured on a pari passu basis by a first-priority security interest in the assets that secure VGCP’s existing senior secured first lien credit facilities and VGCP’s existing senior secured notes.
