01—Abstract
Summary
Summary of the 8-K filed December 3, 2025. Cited figures are marked; the original filing is the authoritative source.
Linde plc (LIN) has entered into a new 364-day unsecured revolving credit agreement totaling $1.5 billiona.
This facility, secured by full and unconditional guarantees from the Company and certain subsidiaries, is intended for general corporate purposes. The agreement provides flexibility with borrowing options in multiple currencies, including USD, Sterling, and Euros, and includes provisions for swingline loans up to $50 millionb (USD) and €25 million (EUR). Notably, the Credit Agreement does not contain a financial maintenance covenant, which is a positive sign for operational flexibility.
The company has the option to convert outstanding revolving loans into non-revolving term loans, payable one year after the commitment termination date. As of the filing date, there were no outstanding borrowings under this new facility, indicating strong liquidity and no immediate need for these funds.
02—Key points
Key Highlights
- Entered into a $1.5 billion 364-day unsecured revolving credit agreement.
- Facility available for general corporate purposes.
- Allows borrowings in USD, Pounds Sterling, Euros, and other agreed currencies.
- Includes $50 million USD and €25 million EUR swingline loan commitments.
- Full and unconditional guarantees provided by Linde plc and certain subsidiaries.
- Does not contain a financial maintenance covenant.
- No outstanding borrowings as of the filing date, signifying ample liquidity.
03—Questions
Frequently Asked Questions
What is the primary purpose of this new credit agreement?
The new 364-day credit agreement is primarily for general corporate purposes of Linde plc and its subsidiaries, providing financial flexibility and liquidity.
What is the total amount available under this credit facility?
The total commitments available under the Credit Agreement are $1,500,000,000.
Are there any financial covenants associated with this credit agreement?
No, the Credit Agreement does not contain a financial maintenance covenant, offering Linde plc greater operational flexibility.
Has Linde plc already drawn funds from this new credit line?
As of the filing date (December 3, 2025), there are no outstanding borrowings under this Credit Agreement, indicating the company has sufficient liquidity without needing immediate access to these funds.
04—Continue