Summary
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% 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.
Key Highlights
- 1Linde plc successfully raised approximately €2.176 billion through the issuance of three tranches of senior notes.
- 2The 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.
- 3Proceeds from the note offering will be used for general corporate purposes, offering financial flexibility.
- 4The notes were issued under Linde's European debt issuance programme, which has an updated aggregate limit of €15 billion.
- 5The new notes have been admitted to trading on the Luxembourg Stock Exchange's Euro MTF market.
- 6The issuance is backed by guarantees from Linde's wholly-owned subsidiaries, Linde GmbH and Linde Inc., confirming ongoing financial support.
- 7The debt issuance program is valid for one year from May 8, 2024, requiring updates for future issuances.