LIN · Linde plc

Linde plc completed a €1.6 billion Eurobond issuance comprising three tranches with maturities ranging from 2 to 10 years, expanding its funding under the updated €25 billion Debt Issuance Programme established in 2020 and increased effective May 4, 2026. The notes carry investment-grade ratings consistent with Linde's A2/A issuer ratings from Moody's and S&P. Issued pursuant to a May 11, 2026 Subscription Agreement with bookrunners including Citigroup Global Markets Limited, J.P. Morgan SE, and Mizuho Bank Europe N.V., the offering generated net proceeds of approximately €1,595 million after deducting manager fees. These proceeds support general corporate purposes, providing flexible liquidity. The notes benefit from upstream guarantees by Linde GmbH (Germany) and Linde Inc. (Delaware), with confirmations extending to the increased programme size. Listing on the Luxembourg Stock Exchange's Euro MTF ensures secondary market liquidity under Regulation S, targeting professional investors only.