Venture Global LNG closes $ 500 million term loan from major global banks

ARLINGTON, Virginia., February 11, 2021 / PRNewswire / – Venture Global LNG, Inc. today announced the closing of a $ 500 million term loan with JPMorgan Chase Bank, NA, Morgan Stanley Senior Funding, Inc, Mizuho Bank, Ltd., and Bank of America NA The proceeds will be used to finance the pre-FID construction activities of the Company’s Plaquemines LNG export project as well as for general corporate purposes. The transaction was increased by $ 400 million To $ 500 million based on strong interest from lenders.

CEO Mike sabel said, “We are proud to continue to partner with this group of leading banks, all of which are lenders of our Calcasieu Pass LNG export facility, as we move towards the full construction launch. of Plaquemines LNG in 2021. Replicating the successful strategy we pioneered and using the same setup, we will continue to deliver on our commitment to deliver LNG at the lowest cost to the global market and meet the growing global demand for clean energy. and reliable. “

Venture Global’s Plaquemines LNG project contracted 3.5 MTPA of the first 10 MTPA phase of the facility under binding 20-year offtake agreements and received both export clearance from DOE and final FERC approval.

JPMorgan and Morgan Stanley acted as joint leaders of the transaction, and Bank of America and Mizuho participated as lenders. Davis polk & Wardwell LLP and Simpson Thatcher & Bartlett LLP acted as counsel to the borrower and the lender, respectively.

About Venture Global LNG

Venture Global LNG is a long-term, low-cost supplier of US LNG to be supplied from resource-rich North American natural gas basins. The company is currently building or developing more than 50 MTPA of production capacity in Louisiana provide the world with clean and affordable energy. For more information, visit

SOURCE Venture Global LNG, Inc.

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