We advised Venture Global on its high-yield debt offering

Davis Polk advised Venture Global LNG, Inc. in connection with a Rule 144A / Regulation S offering of $1.5 billion aggregate principal amount of its 7.00% senior secured notes due 2030.

Venture Global is a long-term, low-cost provider of U.S. liquefied natural gas (LNG) sourced from resource rich North American natural gas basins. Venture Global’s first facility, Calcasieu Pass, commenced producing LNG in January 2022. The company’s second facility, Plaquemines LNG, is under construction and expected to produce its first LNG in 2024. The company is currently constructing and developing over 70 million tonnes per annum (MTPA) of nameplate production capacity to provide clean, affordable energy to the world. Venture Global is developing carbon capture and sequestration (CCS) projects at each of its LNG facilities.

The Davis Polk capital markets team included partner Marcel Fausten, counsel Joze Vranicar and associates Dennis Chu, Samuel S. Vallejo, Agustin N. Lopez Roualdes, Shukra Sabnis and Matthew L. Hulse. Partner Scott M. Herrig, counsel Adela Troconis provided finance advice. Partner Michael Mollerus provided tax advice. All members of the Davis Polk team are based in the New York office.

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