Venture Global Inc. (NYSE: VG) announced that its subsidiary Venture Global Calcasieu Pass LLC completed a $750 million offering of 6.000% senior secured notes due 2036.

The notes will mature on May 1, 2036. The subsidiary used the net proceeds from the offering, along with cash on hand and proceeds from hedge terminations, to prepay its outstanding term loans in full and cover fees and expenses related to the offering.

The notes are guaranteed by TransCameron Pipeline LLC, an affiliate of Venture Global Calcasieu Pass. The securities are secured by a first-priority security interest in assets that also secure the subsidiary's existing senior secured first lien credit facilities and existing senior secured notes.

The notes were not registered under the Securities Act of 1933 and may not be offered or sold in the United States without registration or an applicable exemption from registration requirements.

Venture Global operates as a producer and exporter of liquefied natural gas with facilities located in Louisiana. The company began LNG production from its first facility in 2022 and operates across the LNG supply chain including production, natural gas transport, shipping and regasification.