9/12/2023 0 Comments Venture global stockActual results may differ materially from those anticipated or implied in "forward-looking statements" as a result of a variety of factors. In addition, assumptions may prove to be inaccurate. Venture Global believes that the expectations reflected in these "forward-looking statements" are reasonable, they are inherently uncertain and involve a number of risks and uncertainties beyond Venture Global's control. This press release contains certain statements that may include "forward-looking statements." All statements, other than statements of historical or present facts or conditions, included herein are "forward-looking statements." Included among "forward-looking statements" are, among other things, statements regarding Venture Global's business strategy, plans and objectives, including the use of proceeds from the offering. The company is developing Carbon Capture and Sequestration (CCS) projects at each of its LNG facilities. The company is also constructing or developing an additional 60 MTPA of production capacity in Louisiana to provide clean, affordable energy to the world. Venture Global's first facility, Calcasieu Pass, commenced producing LNG in January 2022. LNG sourced from resource rich North American natural gas basins. Venture Global is a long-term, low-cost provider of U.S. This press release shall not constitute an offer to sell or a solicitation of an offer to buy the Notes, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale of these securities would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The Notes were not registered under the Securities Act of 1933, as amended (the "Securities Act") or the securities laws of any state or other jurisdictions, and the Notes may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from the registration requirements of the Securities Act. The Notes are secured on a pari passu basis by a first-priority security interest in the assets that secure the Existing Credit Facilities and VGCP's existing senior secured notes. The notes are guaranteed by TransCameron Pipeline, LLC (VGCP's affiliate). VGCP intends to use the net proceeds from the offering to (i) prepay certain amounts outstanding under VGCP's existing senior secured first lien credit facilities (the "Existing Credit Facilities"), (ii) pay hedge termination costs in connection with such prepayment and (iii) pay fees and expenses in connection with the offering. The Notes will mature on January 15, 2030. ("Venture Global") announced today that its subsidiary, Venture Global Calcasieu Pass, LLC ("VGCP") has closed its offering of $1,000,000,000 aggregate principal amount of 6.250% senior secured notes due 2030 (the "Notes"). 13, 2023 /PRNewswire/ - Venture Global LNG, Inc. You can read more about our approach to ESG data here.ARLINGTON, Va., Jan. ESG data is a core tool we use during the investment period to drive value – we track ESG key performance indicators (KPIs) across our investments for issues which are systemically important (such as diversity of boards and management teams), and several of our larger funds also track bespoke, material ESG KPIs for each controlled portfolio company. Our goal is to provide distinct resources that allow portfolio companies to develop ESG and impact approaches beyond what they may have otherwise: capital injections to upgrade equipment and advance R&D, support from our dedicated internal ESG professionals, connections to leading experts in ESG issues in their sector, institutional knowledge of best practices and reporting, and the leverage of other firm resources including cross-portfolio collaboration between our companies. We support portfolio companies to both evaluate ESG issues related to their businesses and develop their own internal capacity to manage these issues and opportunities, if not already in place. Once we own a particular portfolio company or asset, we monitor material ESG issues and assess opportunities to generate value from ESG initiatives and growth markets.
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