Venture Global announced on Friday that its wholly-owned subsidiary VGSH has entered into a credit and guaranty agreement providing for a senior secured term loan facility in an aggregate principal amount of up to $1,500,000,000.
The facility will mature on June 26, 2032.
Deutsche Bank and ING acted as coordinating lead arrangers for the Facility. ING also serves as facility agent and security trustee.
VGSH intends to use the net proceeds from the facility for general corporate purposes, including to reimburse Venture Global LNG for payments previously made by it or its affiliates in connection with the acquisition of nine LNG carriers, funding certain reserve accounts, and paying transaction fees and expenses, Venture Global said.
Venture Global has nine owned LNG carriers and two chartered vessels, according to its first-quarter results presentation.
The owned vessels are Venture Gator, Venture Bayou, Venture Acadia, Venture Creole, Venture Pelican, Venture Iberia, Venture Cameron, Venture Manatee, and Venture Venice.
Venture Global expects to take delivery of Venture Manatee and Venture Venice in the third and fourth quarters of this year.
In addition, Venture Global charters Gaslog Savannah and Minerva Psara.
Gaslog Savannah charter ends on August 23, 2026, while Minerva Psara charter ends on May 8, 2027, the presentation shows.
