01—Abstract
Summary
Summary of the 8-K filed June 5, 2025. Cited figures are marked; the original filing is the authoritative source.
Linde plc (LIN) has filed an 8-K report detailing the issuance of new debt securities on June 4, 2025.
The company issued ₣225 million in 0.6150%a Notes due 2029 and ₣275 million in 1.0629% Notes due 2033, totaling ₣500 million. These notes were issued under the company's European debt issuance programme, which is valid for one year from May 8, 2025, and can support up to €20 billion in outstanding notes. The net proceeds from this offering amount to approximately ₣498.6 million, which will be utilized for general corporate purposes.
The notes have been admitted to the official list of the SIX Swiss Exchange for trading. This issuance is part of Linde's ongoing strategy to manage its capital structure and fund its operations. Investors should note that these notes are unsecured and guaranteed by Linde's German and US subsidiaries, and they were issued under Regulation S of the U.S. Securities Act of 1933, meaning they are not registered with the SEC and have restrictions on sale within the United States.
02—Key points
Key Highlights
- Linde plc issued ₣225 million of 0.6150% Notes due 2029 and ₣275 million of 1.0629% Notes due 2033, for a total of ₣500 million in new debt.
- The net proceeds from the offering are approximately ₣498.6 million, intended for general corporate purposes.
- The new notes have been admitted to trading on the SIX Swiss Exchange.
- The issuance is conducted under Linde's European debt issuance programme, which is valid for one year from May 8, 2025, with a potential aggregate principal amount of up to €20 billion.
- The notes are unsecured debt of Linde plc and are guaranteed by its wholly-owned subsidiaries, Linde GmbH (Germany) and Linde Inc. (USA).
- The offering was made pursuant to Regulation S under the U.S. Securities Act of 1933, meaning the notes are not registered with the SEC and have restrictions on sales to U.S. persons.
03—Questions
Frequently Asked Questions
What is the total amount of debt issued and what are the interest rates and maturities?
Linde plc issued a total of ₣500 million in new debt. This includes ₣225 million of 0.6150% Notes due 2029 and ₣275 million of 1.0629% Notes due 2033.
How will the proceeds from this debt issuance be used?
The net proceeds from the offering, approximately ₣498.6 million, will be used by Linde plc for general corporate purposes.
Are these notes secured or guaranteed?
The notes are unsecured debt of Linde plc. However, they are guaranteed by Linde's wholly-owned subsidiaries, Linde GmbH (Germany) and Linde Inc. (USA).
What are the implications of the notes being issued under Regulation S?
Issuance under Regulation S of the U.S. Securities Act of 1933 means that these notes have not been registered with the U.S. Securities and Exchange Commission (SEC). Consequently, they are subject to restrictions and may not be offered or sold within the United States or to U.S. persons, unless an exemption from registration requirements applies.
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