01—Abstract
Summary
Summary of the 8-K filed February 18, 2025. Cited figures are marked; the original filing is the authoritative source.
Linde plc (LIN) has announced the issuance of €2,234 million in aggregate principal amount of senior unsecured notes across three tranches with varying maturities and coupon rates.
The issuance includes €850 million of 2.625%a Notes due 2029, €750 million of 3.000% Notes due 2033, and €650 million of 3.250% Notes due 2037. These notes were issued under the Company's established European debt issuance program and have been admitted to the official list of the Luxembourg Stock Exchange. The net proceeds from this offering, amounting to approximately €2,234 million after deducting fees, are designated for general corporate purposes.
The notes are guaranteed by Linde GmbH and Linde Inc., wholly-owned subsidiaries, reinforcing the overall creditworthiness of the debt issuance. This move signals Linde's strategic approach to financing its operations and potentially future growth initiatives through diversified debt capital markets.
02—Key points
Key Highlights
- Linde plc issued a total of €2,234 million in new notes across three series: 2.625% due 2029 (€850M), 3.000% due 2033 (€750M), and 3.250% due 2037 (€650M).
- The net proceeds from the offering are approximately €2,234 million and will be used for general corporate purposes.
- The notes were issued under Linde's European debt issuance program, which has an aggregate authorized amount of €15 billion.
- The new notes have been admitted for trading on the Euro MTF market operated by the Luxembourg Stock Exchange.
- The issuance is supported by guarantees from Linde GmbH and Linde Inc., wholly-owned subsidiaries of the Company.
- The debt issuance was facilitated through a Subscription Agreement with various financial institutions acting as bookrunners and managers.
- This offering demonstrates Linde's active management of its capital structure and access to European debt markets.
03—Questions
Frequently Asked Questions
What is the primary purpose of this debt issuance?
The net proceeds from the issuance of approximately €2,234 million are intended for general corporate purposes. This can include funding working capital, capital expenditures, potential acquisitions, or refinancing existing debt.
Who guarantees these new notes?
The notes issued under the program are guaranteed by Linde GmbH, a German subsidiary, and Linde Inc., a Delaware subsidiary, both wholly owned by Linde plc.
Where will these notes be traded?
The 2029 Notes, 2033 Notes, and 2037 Notes have been admitted to the official list of the Luxembourg Stock Exchange and are available for trading on the Euro MTF market.
What is the total amount authorized under Linde's European debt issuance program?
The aggregate principal amount of Notes authorized under the European debt issuance program to be outstanding from time to time is €15 billion (or the equivalent in other currencies).
04—Continue