Venture Global, Inc. (NYSE: VG) has announced that its wholly owned subsidiary, Venture Global Shipping Holdings, LLC (VGSH), has entered into a credit and guaranty agreement providing for a senior secured term loan facility (the facility) in an aggregate principal amount of up to US$1.5 billion. Deutsche Bank and ING acted as coordinating lead arrangers for the facility. ING also serves as facility agent and security trustee.
Latham & Watkins LLP advised Venture Global on the transaction with a Project Finance & Development team led by New York partner Chirag Dedania, with associates Dominique Roth,* Sharon Ho,* and Mariana Ferez, and with assistance from Ben Krapels. Advice was also provided on energy regulatory matters by Washington D.C. partner Patrick Nevins; and on tax matters by Houston partner Bryant Lee, with associate Lucas Migliano.
