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Venture Global Prices $2.25 Billion in Senior Secured Notes to Refinance Existing 2028 Debt

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Venture Global (VG) has priced $2.25 billion in senior secured notes through its subsidiary Venture Global LNG, split between $1.125 billion of 6.375% notes due 2034 and $1.125 billion of 6.625% notes due 2036, in a private offering to qualified institutional buyers, the company said Monday.

The company plans to use the proceeds to redeem all outstanding 8.125% senior secured notes due 2028, with cash on hand covering the redemption premium and related fees. The offering is expected to close on June 11.

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