LINDE PLC (LIN): debt financing — Linde enters $5B five-year and $1.5B 364-day revolving credit facilities

LINDE PLC

Five-year facility provides $5.0B in commitments, expiring Dec 2027, with two optional one-year extensions.
364-day facility provides $1.5B, can convert to term loans due one year after commitment termination.
Both facilities are fully undrawn; proceeds for general corporate purposes; no financial maintenance covenants.
Amended and restated existing credit agreements; Linde fully guarantees subsidiary borrower obligations.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

LINDE PLC amended revolving credit of $5,000,000,000 with Bank of America, N.A., as administrative agent, and a syndicate of banking institutions as lenders at Any revolving loans and swingline loans outstanding under the Five Year Credit A maturing December 7, 2027.

Instrument: revolving credit
Principal: $5,000,000,000
Counterparty: Bank of America, N.A., as administrative agent, and a syndicate of banking institutions as lenders
Rate: Any revolving loans and swingline loans outstanding under the Five Year Credit A
Maturity: December 7, 2027
Event: amendment

Exact text from the filing

certain other subsidiaries of the Company may become subsidiary guarantors under the Five Year Credit Agreement. The Five Year Credit Agreement provides for total commitments of $5,000,000,000, which may be increased to up to $6,500,000,000 subject to receipt of additional commitments and satisfaction of customary conditions. The Five Year Credit Agreement is available

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

LINDE PLC incurred revolving credit of $1,500,000,000 with Bank of America, N.A., as administrative agent, and a syndicate of banking institutions as lenders at Any revolving loans and swingline loans outstanding under the 364-Day Credit Agr maturing the date which is 364 days after the date of the 364-Day Credit Agreement.

Instrument: revolving credit
Principal: $1,500,000,000
Counterparty: Bank of America, N.A., as administrative agent, and a syndicate of banking institutions as lenders
Rate: Any revolving loans and swingline loans outstanding under the 364-Day Credit Agr
Maturity: the date which is 364 days after the date of the 364-Day Credit Agreement
Event: incurrence

Exact text from the filing

certain other subsidiaries of the Company may become subsidiary guarantors under the 364-Day Credit Agreement. The 364-Day Credit Agreement provides for total commitments of $1,500,000,000. The 364-Day Credit Agreement is available for general corporate purposes of the Company and its subsidiaries. Revolving loans may be borrowed in U.S. Dollars, Pounds Sterling,

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

LINDE PLC entered into 364-Day Credit Agreement with Bank of America, N.A., as administrative agent, and a syndicate of banking institutions as lenders valued at $1,500,000,000 (effective 2022-12-07).

Action: entry
Agreement: credit facility
Counterparty: Bank of America, N.A., as administrative agent, and a syndicate of banking institutions as lenders
Value: $1,500,000,000
Effective: 2022-12-07

Exact text from the filing

On December 7, 2022, Linde plc (the “Company”) and certain of its subsidiaries also entered into an unsecured 364-day revolving credit agreement (the “364-Day Credit Agreement” and, together with the Five Year Credit Agreement, the “Credit Agreements”) with Bank of America, N.A., as administrative agent, and a syndicate of banking institutions as lenders.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

LINDE PLC entered into Five Year Credit Agreement with Bank of America, N.A., as administrative agent, and a syndicate of banking institutions as lenders valued at $5,000,000,000 (effective 2022-12-07).

Action: entry
Agreement: credit facility
Counterparty: Bank of America, N.A., as administrative agent, and a syndicate of banking institutions as lenders
Value: $5,000,000,000
Effective: 2022-12-07

Exact text from the filing

On December 7, 2022, Linde plc (the “Company”) and certain of its subsidiaries entered into an amended and restated unsecured five-year revolving credit agreement (the “Five Year Credit Agreement”) with Bank of America, N.A., as administrative agent, and a syndicate of banking institutions as lenders.

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26 debt financings filed in the last 30 days. Browse all debt financings →

LINDE PLC filing history →

Source: SEC EDGAR

accession 0001193125-22-301076

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