Venture Global subsidiary closes $1.75B debt facility to redeem Stonepeak preferred equity

Filed April 10, 2026 · Period ending April 10, 2026 · ~1 min read

Key Changes

• high

  Calcasieu Pass Funding closed $1.75 billion Term Loan B facility on April 10, fully drawn at closing. Proceeds primarily used to redeem all preferred equity held by Stonepeak Bayou Holdings, replacing equity with debt in a major recapitalization.

  Item 1.01 verify on EDGAR →
• medium

  Loan matures April 2033 with prepayment allowed after six months without penalty. Interest floats at Term SOFR or Base Rate plus margin, exposing company to rate fluctuations over seven-year term.

  Item 1.01 verify on EDGAR →
• medium

  Facility secured by first-priority lien on substantially all borrower assets and equity interests. Credit agreement includes standard restrictions on additional debt, investments, asset sales, and dividends.

  Item 1.01 verify on EDGAR →