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-0.00394632991318066 -0.00472770323599045 -0.00276243093922653 0.00907655880031572 0.00828729281767959 0.0130228887134965 0.0106550907655881 0.0256511444356749
Stock impact report

Venture Global Announces Closing of $1.75 Billion Senior Secured Credit Facility

Venture Global, Inc. Class A common stock (VG) 
Last venture global, inc. class a common stock earnings: 2/18 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.vonage.com
Company Research Source: Business Wire
ARLINGTON, Va.--(BUSINESS WIRE)--Today, Venture Global, Inc. (NYSE: VG) announced that its subsidiary Calcasieu Pass Funding, LLC (the “Company”), which indirectly controls the Calcasieu Pass project, entered into a $1,750,000,000 senior secured, term loan B credit facility (the “Facility”). Venture Global used a portion of the proceeds from the Facility to redeem, in full, the preferred equity interests of the Company that were previously issued to Stonepeak Bayou Holdings II LP.“We’re very pleased to successfully close this $1.75 billion secured credit facility, which represents a significant milestone for our company,” said Venture Global CEO Mike Sabel. “This transaction meaningfully reduces our overall cost of capital while further strengthening our balance sheet and liquidity position. Just as importantly, it demonstrates our continued ability to efficiently access the capital markets, even in a dynamic environment. We believe this enhanced financial flexibility positions us Show less Read more
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