$LIN·8-K

LINDE PLC · May 13, 4:01 PM ET

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LINDE PLC 8-K

Research Summary

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Updated

Linde plc Issues €1.6B of Euro Notes (Due 2028, 2030, 2036)

What Happened
Linde plc announced on May 13, 2026 that it issued three tranches of Euro-denominated notes: €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 notes were issued under a Subscription Agreement dated May 11, 2026 and admitted to the official list and trading on the Luxembourg Stock Exchange’s Euro MTF market. Net proceeds were approximately €1,595 million (after managers’ fees, before other offering expenses) and will be used for general corporate purposes.

Key Details

  • Issue amounts and coupons: €600M floating-rate (due 2028), €500M at 3.200% (due 2030), €500M at 3.800% (due 2036).
  • Net proceeds: ~€1,595 million (after fees to the Managers, before other expenses).
  • Program & guarantees: Issued under Linde’s European debt issuance programme (authorized up to €25 billion); notes are unsecured and guaranteed by subsidiaries Linde GmbH and Linde Inc.
  • Market and regulation: Admitted to Luxembourg Stock Exchange (Euro MTF); issued pursuant to Regulation S (not registered under the U.S. Securities Act and not for offer/sale in the U.S. to U.S. persons).

Why It Matters
This offering raises near-term liquidity and extends Linde’s debt maturity profile at identifiable fixed and floating rates, giving investors clarity on new debt costs and size. The guarantees from key subsidiaries and admission to the Luxembourg market support marketability of the notes. Because the securities were issued under Regulation S, they are not available to U.S. retail investors in the U.S. without registration or an applicable exemption.

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