Venture Global LNG, Inc., a wholly-owned subsidiary of Venture Global, Inc., entered into a 364-day revolving credit agreement on September 2, 2026. The agreement establishes a senior secured revolving credit facility with a maximum borrowing capacity of $3,000,000,000. The facility is set to mature on September 1, 2027.
Bank of America, N.A. has been appointed as the Administrative Agent for the agreement. A consortium of financial institutions has been named as Coordinating Lead Arrangers and Sole Bookrunner, including BBVA, Goldman Sachs, ING, J.P. Morgan, Mizuho, MUFG, NBC, RBC, Scotia, SMBC, U.S. Bank, and Wells Fargo. Joint Lead Arrangers include Barclays, Santander, and Deutsche Bank.
The company intends to utilize the proceeds for general corporate purposes of VGLNG and its subsidiaries. Specifically, Venture Global expects the funds to support project costs for the CP2 and Plaquemines bolt-on expansions prior to their respective Final Investment Decisions (FIDs).
The facility is secured by a first-priority perfected security interest in substantially all of VGLNG’s existing and future assets. Borrowings under the agreement bear interest at either the secured overnight financing rate (SOFR) or a base rate, plus an applicable margin. The applicable margin is 2.50% per annum for SOFR-based loans and 1.50% per annum for base rate loans. These rates are subject to reductions of up to 1.00% per annum based on achieving certain ratings requirements. The agreement includes customary restrictive covenants and events of default, including failure to pay principal or interest, non-compliance with covenants, and bankruptcy or insolvency events.
