Venture Global to prepay some loan borrowings with notes proceeds

By Sara Rosenberg

New York, Jan. 10 – Venture Global Calcasieu Pass LLC plans to prepay certain amounts outstanding under its credit facilities using a portion of the proceeds from a $1 billion senior secured notes offering, according to a market source.

Proceeds from the notes will also be used to pay certain hedge termination costs in connection with the prepayment of the term loans and to pay fees and expenses of the offering.

Venture Global is an Arlington, Va.-based provider of American-produced liquefied natural gas.

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