Venture Global Inc. has announced the closing of a $3 billion bank loan facility for its subsidiary, Venture Global CP2 LNG, LLC. This follows a recent $2.5 billion bond transaction for Plaquemines, bringing the total capital markets transactions to $5.5 billion over the past two weeks. The loan facility, secured by commitments from 19 banks, will be used to continue the development of the CP2 natural gas liquefaction and export facility in Cameron Parish, Louisiana. This project is expected to have a peak production capacity of up to 28.0 MTPA. The financing will support the ongoing manufacturing, procurement, and engineering processes, with the first two liquefaction trains, numbered 55 and 56, set to be deployed in the coming months. SMBC served as the Left Lead Arranger and Sole Bookrunner, with additional support from banks including Bank of America, Goldman Sachs, and J.P. Morgan.
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