Linde plc
Linde plc Enters into a $1.5 Billion Credit Agreement
Summary
On December 4, 2024, Linde plc entered into a 364-day unsecured revolving credit agreement totaling $1.5 billion with Bank of America, N.A., as administrative agent, and a syndicate of banking institutions as lenders. The agreement allows for borrowing in multiple currencies and includes swingline loan commitments. The credit agreement is intended for general corporate purposes and does not include a financial maintenance covenant. The credit agreement will terminate 364 days from its execution date. Linde plc, Linde Inc., Linde GmbH, and Linde Finance B.V. are the initial borrowers, with Linde plc fully guaranteeing the subsidiary borrowers' obligations.
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About Linde plc
Linde plc is a multinational industrial gas and engineering company that plays a pivotal role in various sectors by providing essential gases and services. The company engages in the production and supply of industrial, process, and specialty gases, which are crucial for diverse industries including healthcare, manufacturing, food and beverage, electronics, and energy. Linde's offerings aid in improving efficiency, reducing emissions, and enhancing productivity across these sectors. With a heritage dating back to 1879 and its current domicile in the United Kingdom, Linde has firmly established itself as a global leader through continuous innovation and strategic expansion. The company's extensive portfolio includes atmospheric gases like oxygen, nitrogen, and argon, as well as hydrogen and helium, supporting critical operations from steel manufacturing to water treatment and medical applications. Linde's significance in the market is underscored by its widespread geographical reach and strong commitment to sustainable practices and technological advancements, further reinforcing its crucial role in supporting sustainable industrial development worldwide.
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