Venture Global LNG $2.25 billion senior secured notes offering

Davis Polk advised Venture Global LNG, Inc. in connection with a Rule 144A / Regulation S offering of $1.125 billion aggregate principal amount of its 6.375% senior secured notes due 2034 and $1.125 billion aggregate principal amount of its 6.625% senior secured notes due 2036.

Venture Global is an American producer and exporter of low-cost U.S. liquefied natural gas (LNG) with over 100 MTPA of capacity in production, construction or development. Venture Global began producing LNG from its first facility in 2022, and is now one of the largest LNG exporters in the United States. The company’s vertically integrated business includes assets across the LNG supply chain including LNG production, natural gas transport, shipping and regasification. The company’s first three projects, Calcasieu Pass, Plaquemines LNG and CP2 LNG are located in Louisiana along the Gulf of America. Venture Global is developing Carbon Capture and Sequestration projects at each of its LNG facilities.

The Davis Polk capital markets team included partner Marcel Fausten, counsel Michael Stromquist and associates Fei Deng and Madeline Y. Owens. Partner Elena Maria Millerman, counsel Adela Troconis and associates Jenelle L. Davis, Renee G. Levin and Corinne Cunillera provided finance advice. Counsel David A. Zilberberg provided environmental advice. All members of the Davis Polk team are based in the New York office.