Venture Global Inc. (NYSE: VG) announced that its subsidiary Venture Global LNG Inc. has priced $2.25 billion in senior secured notes through a private offering.

The offering consists of $1.125 billion in 6.375% notes due 2034 and $1.125 billion in 6.625% notes due 2036. The notes were offered to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S of the Securities Act.

The company plans to use proceeds from the offering to redeem all outstanding 8.125% senior secured notes due 2028. Cash on hand will cover the redemption premium and related fees and expenses. The redemption is contingent on the offering closing and generating sufficient proceeds to cover the existing notes' principal amount.

The new notes will initially be unguaranteed by subsidiaries but may be guaranteed in the future if certain subsidiaries incur specific debt levels, except during investment-grade rating periods. The notes will be secured by the same collateral as existing debt, though security will be suspended during investment-grade periods.

The offering is expected to close on June 11, 2026, subject to customary closing conditions and market factors.

Venture Global operates liquefied natural gas production and export facilities with over 100 million tons per annum of capacity in production, construction or development. The company began LNG production from its first facility in 2022 and operates projects in Louisiana along the Gulf of Mexico.