Venture Global LNG announced the closing of a $2.25 billion senior secured notes offering through its wholly-owned subsidiary. The company issued $1.125 billion of 6.375% notes due 2034 and $1.125 billion of 6.625% notes due 2036.

The company used the proceeds to redeem all outstanding 8.125% senior secured notes due 2028 and paid related fees with cash on hand. The 2034 notes mature December 15, 2034, while the 2036 notes mature June 15, 2036. Both series were issued at par.

The notes will initially not be guaranteed by subsidiaries but may receive guarantees in the future if certain subsidiaries incur specified debt amounts, except during periods when the notes achieve investment grade ratings. The notes are secured by the same collateral as existing notes and the company's revolving credit facility.

The notes were issued under an exemption from Securities Act registration requirements and cannot be offered or sold in the United States without proper registration or exemption.

Venture Global describes itself as an American liquefied natural gas producer and exporter with over 100 million tons per annum of capacity across production, construction, and development phases. The company began LNG production from its first facility in 2022 and operates projects in Louisiana including Calcasieu Pass, Plaquemines LNG, and CP2 LNG.