Venture Global LNG gets $220 million bridge loan via Morgan Stanley

By Wendy Van Sickle

Columbus, Ohio, Dec. 6 – Venture Global LNG, Inc. entered into a $220 million bridge loan facility with Morgan Stanley Senior Funding, Inc., according to a news release.

Subject to the satisfaction of customary conditions, the loan proceeds will be available immediately in full and will be used to finalize engineering work and commence site construction activity for the company's Calcasieu Pass LNG export project upon receipt of regulatory approvals and prior to a formal final investment decision.

Based in Arlington, Va., Venture Global is a long-term, low-cost provider of liquefied natural gas to be supplied from resource rich North American natural gas basins.

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