Venture Global closes $1.75bn term loan B for Calcasieu Pass

Venture Global has closed a $1.75bn elder secured word indebtedness B recognition installation done its subsidiary Calcasieu Pass Funding, which indirectly oversees the Calcasieu Pass liquefied earthy state (LNG) task successful Louisiana, US.

This financing enabled the redemption of preferred equity interests antecedently held by Stonepeak Bayou Holdings II.

Goldman Sachs led the syndication arsenic the near pb arranger and sole bookrunner. Barclays, Natixis and Wells Fargo supported the financing arsenic close pb arrangers and associated bookrunners.

Venture Global was advised by Latham & Watkins and the arranger radical was advised by Skadden, Arps, Slate, Meagher & Flom.

Venture Global CEO Mike Sabel said: “We are precise pleased to successfully adjacent this $1.75bn secured recognition facility, which represents a important milestone for our company.

“This transaction meaningfully reduces our wide outgo of superior portion further strengthening our equilibrium expanse and liquidity position. Just arsenic importantly, it demonstrates our continued quality to efficiently entree the superior markets, adjacent successful a dynamic environment.

“We judge this enhanced fiscal flexibility positions america good to execute connected our strategical priorities and thrust semipermanent worth for our stakeholders.”

Built astatine Cameron Parish, the Calcasieu Pass task began commercialized operations successful April 2025. The liquefaction and export installation is strategically located connected the Calcasieu Ship Channel.

The task tract benefits from entree to heavy waters, abundant state resources and businesslike proscription routes.

Calcasieu Pass, which covers 432 acres, is linked to large state pipelines and straight connects to cardinal state basins successful North America.

Its plan includes 18 liquefaction trains divided into 9 blocks, susceptible of processing 626,000 tonnes per annum (tpa). In August 2025, the US Department of Energy authorised the task to summation its capableness from 12 cardinal tonnes per annum (mtpa) to 12.4mtpa.

Calcasieu Pass besides offers 3 state pre-treatment trains, 2 LNG retention tanks, each with a capableness of 200,000m³, and 2 vessel berths suitable for loading ships up to 185,000m³.

The installation features a 720MW combined rhythm state turbine powerfulness works and a 42in, 24-mile pipeline known arsenic TransCameron.

"Venture Global closes $1.75bn word indebtedness B for Calcasieu Pass" was primitively created and published by Offshore Technology, a GlobalData owned brand.

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