Summary
Linde plc (LIN) has announced the successful issuance of €1.6 billion in aggregate principal amount of new notes across three tranches on May 13, 2026. These include €600 million of Floating Rate Notes due 2028, €500 million of 3.200% Notes due 2030, and €500 million of 3.800% Notes due 2036. The net proceeds from this offering, approximately €1,595 million after fees, will be utilized for general corporate purposes. This debt issuance was conducted under the Company's established European debt issuance program, which was recently updated on May 4, 2026, and is valid for one year. The new notes have been admitted to the official list of the Luxembourg Stock Exchange and will trade on the Euro MTF market. The issuance was coordinated by several financial institutions acting as bookrunners and managers. The notes are unsecured and guaranteed by Linde GmbH and Linde Inc., wholly-owned subsidiaries, with these guarantees previously filed and confirmations updated for the current program. This move diversifies Linde's debt maturity profile and provides financial flexibility.
Key Highlights
- 1Linde plc raised approximately €1.6 billion through the issuance of new notes.
- 2Three tranches of notes were issued: €600 million Floating Rate Notes due 2028, €500 million 3.200% Notes due 2030, and €500 million 3.800% Notes due 2036.
- 3Net proceeds of approximately €1,595 million will be used for general corporate purposes.
- 4The issuance was made under Linde's European debt issuance program, most recently updated on May 4, 2026.
- 5The notes are listed on the Luxembourg Stock Exchange and will trade on the Euro MTF market.
- 6The new debt is unsecured but guaranteed by subsidiaries Linde GmbH and Linde Inc.
- 7The debt issuance program is valid for one year from May 4, 2026, and has an aggregate authorization limit of €25 billion.