Summary
Linde plc (LIN) announced on February 14, 2024, the issuance of €2,250 million in aggregate principal amount of senior notes across three tranches: €700 million of 3.000% Notes due 2028, €850 million of 3.200% Notes due 2031, and €700 million of 3.400% Notes due 2036. The net proceeds from this offering, approximately €2,238 million after fees, are intended for general corporate purposes. These notes were issued under Linde's existing European debt issuance program, which has an authorized aggregate principal amount of €10 billion. The issuance is supported by guarantees from Linde GmbH and Linde Inc., both wholly-owned subsidiaries. The notes have been admitted to the official list of the Luxembourg Stock Exchange and will trade on its Euro MTF market. This filing details the terms of the notes and the agreements governing their issuance and management.
Key Highlights
- 1Linde plc successfully issued €2,250 million in new notes across three maturities (2028, 2031, and 2036).
- 2The notes carry coupon rates of 3.000%, 3.200%, and 3.400% respectively.
- 3Net proceeds from the offering are approximately €2,238 million.
- 4The proceeds are designated for general corporate purposes.
- 5The issuance was made under Linde's European debt issuance program, with a total authorized limit of €10 billion.
- 6The new notes have been admitted to the Luxembourg Stock Exchange and will trade on the Euro MTF market.
- 7Guarantees for the notes are provided by wholly-owned subsidiaries Linde GmbH and Linde Inc.