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Venture Global 8-K Report, Material Agreement (Mar 13, 2026)

Reports
Material Agreements·Financial Events·Other Events+1
Filing Date
Filed March 13, 2026
Period End
March 13, 2026
Security
VG
In the record · 2025–202610-K210-Q58-K38

VG filed 2 annual reports (10-K), 5 quarterly reports (10-Q) and 38 current reports (8-K) between 2025 and 2026.

  1. Material agreement8-K · Dec ’25Dec ’25
  2. Material agreement8-K · Oct ’26Oct ’26

01—Abstract

Summary

Summary of the 8-K filed March 13, 2026. Cited figures are marked; the original filing is the authoritative source.

Venture Global, Inc. (NYSE: VG) reported that its indirect subsidiary, Venture Global CP2 LNG, LLC (CP2), amended its financing documents on March 13, 2026 to upsize the Project Facilities for the CP2 LNG project in Cameron Parish, Louisiana, and the related CP Express pipeline.

The Phase 1 Construction/Term Facility was increased by $7.85 billiona (to fund Phase 2), and the Working Capital Facility was increased by $750.0 million, bringing aggregate Project Facilities to $20.7 billion. Borrowings bear interest at SOFR or base rate plus an applicable margin (2.25% to 2.75% for SOFR loans; 1.25% to 1.75% for base rate loans), loans must be repaid in full by July 28, 2032, and the facilities are secured by a first-priority lien on substantially all assets of CP2 and its guarantors. In a related press release, the company announced the final investment decision and financial close for Phase 2 of CP2, describing an $8.6 billion project financing for that phase.

The release states that over $19 billionb of commitments were received for Phase 2, in addition to $34 billion of commitments for Phase 1, and that the financing required no outside equity investment. Management said CP2 will have peak production capacity of 29 MTPA, has contracted nearly all of its nameplate capacity on a long-term basis, and that Venture Global now has over 49 MTPA of total contracted capacity across its three Louisiana projects.

The filing also states that the company has reached five final investment decisions in less than seven years and has executed capital markets transactions of more than $95 billionc. The amended Common Terms Agreement and Credit Facility Agreement amendment are to be filed with the company's Form 10-Q for the quarter ended March 31, 2026.

02—Key points

Key Highlights

  1. CP2 LNG subsidiary upsized Project Facilities by $8.6 billion in total ($7.85 billion term loan plus $750.0 million working capital facility), bringing aggregate financing to $20.7 billion.
  2. Phase 2 financing reached financial close with over $19 billion of commitments, in addition to $34 billion of commitments for Phase 1, with no outside equity investment required.
  3. CP2 has a peak production capacity of 29 MTPA and has contracted nearly all nameplate capacity on a long-term basis, mainly with customers in Europe and Asia.
  4. Venture Global now has over 49 MTPA of total contracted capacity, or nearly all nameplate capacity, across its three Louisiana projects.
  5. Interest is SOFR- or base rate-based plus margins of 2.25% to 2.75% (SOFR) and 1.25% to 1.75% (base rate); all loans must be repaid by July 28, 2032.
  6. Facilities are secured by a first-priority lien on substantially all assets and equity interests of CP2 and guarantors, and contain customary covenants limiting additional debt, liens, asset dispositions and restricted payments.
  7. Company reports five final investment decisions in less than seven years and more than $95 billion in executed capital markets transactions.

03—Questions

Frequently Asked Questions

  1. How much financing does the CP2 project now have?

    The Project Facilities for CP2 total $20.7 billion after the Phase 1 construction/term facility was increased by $7.85 billion and the working capital revolving facility was increased by $750.0 million.

  2. What are the interest rate terms on the Project Facilities?

    Borrowings bear interest at SOFR or base rate plus an applicable margin. SOFR-based loans carry margins from 2.25% to 2.75%, and base rate loans carry margins from 1.25% to 1.75%.

  3. When must the CP2 Project Facilities be repaid?

    The loans must be repaid in full no later than July 28, 2032. Principal may be repaid in whole or in part at any time without premium or penalty, subject to breakage fees.

  4. Did Venture Global need outside equity to finance Phase 2?

    No. The press release states that the Phase 2 financing required no outside equity investment.

  5. What is the status of Phase 2 of CP2 and where can I find the loan agreement documents?

    The company announced a final investment decision and financial close for Phase 2 of CP2, with an $8.6 billion project financing. The amended Common Terms Agreement and Credit Facility Agreement amendment will be filed as exhibits to the company's Form 10-Q for the quarter ended March 31, 2026.

04—Continue

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