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Venture Global to pay down credit facilities with notes proceeds
By Sara Rosenberg
New York, July 26 – Venture Global Calcasieu Pass LLC plans to repay some amounts outstanding under its credit facilities using proceeds from a $1.5 billion senior secured notes offering, according to a market source.
Remaining proceeds from the notes will be used to pay certain breakage and hedge termination costs in connection with the prepayment, and to pay fees and expenses of the offering.
Venture Global Calcasieu Pass, a subsidiary of Arlington, Va.-based Venture Global LNG, is constructing its first project, a 10 million ton per annum nameplate liquefaction facility located near Cameron, La.
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