01—Abstract
Summary
Summary of the 8-K filed June 4, 2024. Cited figures are marked; the original filing is the authoritative source.
Linde plc (LIN) has announced the successful issuance of €2.176 billion in aggregate principal amount of senior notes across three tranches: €750 million of 3.375%a Notes due 2030, €750 million of 3.500% Notes due 2034, and €700 million of 3.750% Notes due 2044.
These notes were issued under the company's updated European debt issuance programme, which has an authorized aggregate principal amount of up to €15 billion. The proceeds from this offering will be utilized for general corporate purposes, which provides the company with increased financial flexibility.
The notes have been admitted to trading on the Euro MTF market of the Luxembourg Stock Exchange, indicating enhanced liquidity and accessibility for investors in the European market. The issuance reinforces Linde's established debt program and is supported by guarantees from its wholly-owned subsidiaries, Linde GmbH and Linde Inc.
02—Key points
Key Highlights
- Linde plc successfully raised approximately €2.176 billion through the issuance of three tranches of senior notes.
- The new debt includes €750 million in 3.375% Notes due 2030, €750 million in 3.500% Notes due 2034, and €700 million in 3.750% Notes due 2044.
- Proceeds from the note offering will be used for general corporate purposes, offering financial flexibility.
- The notes were issued under Linde's European debt issuance programme, which has an updated aggregate limit of €15 billion.
- The new notes have been admitted to trading on the Luxembourg Stock Exchange's Euro MTF market.
- The issuance is backed by guarantees from Linde's wholly-owned subsidiaries, Linde GmbH and Linde Inc., confirming ongoing financial support.
- The debt issuance program is valid for one year from May 8, 2024, requiring updates for future issuances.
03—Questions
Frequently Asked Questions
What is the total amount raised by Linde plc from this debt issuance?
Linde plc raised approximately €2.176 billion in net proceeds from the offering of its new senior notes.
How will Linde plc use the proceeds from the new notes?
The net proceeds from the offering are intended for general corporate purposes, providing the company with financial flexibility for its operations and strategic initiatives.
Are these new notes guaranteed by Linde's subsidiaries?
Yes, the notes issued under the debt issuance program are guaranteed by Linde's wholly-owned subsidiaries, Linde GmbH and Linde Inc.
Where are these new notes listed and traded?
The 2030 Notes, 2034 Notes, and 2044 Notes have been admitted to the official list of the Luxembourg Stock Exchange and are available for trading on the Euro MTF market operated by the Luxembourg Stock Exchange.
04—Continue