Venture Global LNG secured a $3 billion 364-day revolving credit facility to support general corporate purposes, including funding for the CP2 and Plaquemines bolt-on expansions in Louisiana.
The facility was coordinated by Bank of America as sole bookrunner and administrative agent, with BBVA, Goldman Sachs, ING, J.P. Morgan, Mizuho, MUFG, NBC, RBC, Scotia, SMBC, U.S. Bank and Wells Fargo serving as coordinating lead arrangers. Barclays, Santander and Deutsche Bank acted as joint lead arrangers.
Venture Global began commercial LNG production from its first facility in 2022. The new credit line will provide liquidity for project costs prior to final investment decisions on the CP2 and Plaquemines expansions.
