The Linde Group Signs EUR 1.6 Billion Forward Start Revolving Credit Facility, Further Strengthening Its Liquidity Profile Until 2013
MUNICH, GERMANY -- (Marketwire) -- 07/01/09 -- The Linde Group announced today that it has
signed a two-year euro-denominated forward start revolving credit
facility in an amount of EUR 1.6 billion available from 2011 onwards.
The forward start credit facility will be available at the time
Linde's existing EUR 2 billion currently undrawn revolving credit
facility expires on 3 March 2011. It will be the company's primary
liquidity source from banks and is available for general corporate
purposes.
The club-deal style transaction received a very good reception. More
than 20 of Linde's core national and international relationship banks
are participating in the facility. The very good support for the
Linde arranged deal allowed a substantial increase of the facility
amount to EUR 1.6 billion. The transaction still closed
oversubscribed.
"This forward start facility further strengthens the financing
flexibility of The Linde Group until 2013 and we highly appreciate
the strong support from our banking group," stated CFO Georg Denoke.
Linde's long-term corporate credit rating with Standard & Poor's is
BBB+ (positive outlook). The senior unsecured debt rating with
Moody's is Baa1.
The Linde Group is a world leading gases and engineering company with
almost 52,000 employees working in around 100 countries worldwide. In
the 2008 financial year it achieved sales of EUR 12.7 billion. The
strategy of The Linde Group is geared towards sustainable
earnings-based growth and focuses on the expansion of its
international business with forward-looking products and services.
Linde acts responsibly towards its shareholders, business partners,
employees, society and the environment -- in every one of its business
areas, regions and locations across the globe. Linde is committed to
technologies and products that unite the goals of customer value and
sustainable development.
For more information, see The Linde Group online at
http://www.linde.com.
For additional information:
Thomas Eisenlohr Robert Schneider
Telephone: +49.89.35757-1330 Telephone: +49.89.35757-1332
Press Release as PDF: http://hugin.info/125064/R/1326304/312126.pdf
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