Facility Boosts Liquidity and Reduces Costs
Venture Global, Inc. announced on April 10th that it secured a $1.75 billion senior secured credit facility through its subsidiary Calcasieu Pass Funding, LLC. This move is aimed at enhancing liquidity and reducing capital costs.
The proceeds from this facility were used to fully redeem the preferred equity interests of the company, which were previously issued to Stonepeak Bayou Holdings II LP. By doing so, Venture Global aims to solidify its financial standing and improve its balance sheet. This financial maneuver underscores the company’s strategy to maintain robust fiscal health.
Mike Sabel, CEO of Venture Global, expressed satisfaction over the successful closing of the facility. He stated, “We’re very pleased to successfully close this $1.75 billion secured credit facility, which represents a significant milestone for our company.” He highlighted the transaction’s role in reducing overall capital costs and enhancing financial flexibility. The ability to access capital markets efficiently, even amidst fluctuating economic conditions, was also emphasised by Sabel.
Key Partners in the Transaction
Goldman Sachs served as the Lead Left Arranger and Bookrunner for the facility. Barclays, Natixis, and Wells Fargo also played crucial roles as Lead Right Arrangers and Joint Bookrunners. Legal counsel was provided by Latham & Watkins LLP for Venture Global and Skadden, Arps, Slate, Meagher & Flom LLP for the arrangers. This collaboration highlights the confidence that major financial institutions have in Venture Global’s business strategy.
Venture Global is a prominent U.S. producer and exporter of liquefied natural gas (LNG). The company has over 100 MTPA of capacity in production, construction, or development. It began producing LNG from its first facility in 2022 and has since become one of the largest LNG exporters in the United States. The company’s vertically integrated business includes assets across the LNG supply chain, covering LNG production, natural gas transport, shipping, and regasification.
The company operates several projects along the U.S. Gulf Coast, including Calcasieu Pass, Plaquemines LNG, and CP2 LNG, all located in Louisiana. Venture Global is also investing in carbon capture and sequestration at each of its LNG facilities, further demonstrating its commitment to sustainable energy practices. This investment in sustainable technologies positions Venture Global as a forward-thinking energy company.
This strategic financial move positions Venture Global to continue executing its long-term objectives. The company aims to leverage this facility to sustain its operations, even in a dynamic market environment, and drive long-term value for its stakeholders. As a result, the company is well positioned to achieve its strategic priorities and ensure continued growth in the competitive energy sector.
Last updated: 13 April 2026, 10:04 am
