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Linde (NYSE:LIN) PLC (NASDAQ:LIN) has issued CHF 225 million in 0.6150% notes due 2029 and CHF 275 million in 1.0629% notes due 2033. The issuance, conducted under a subscription agreement dated June 3, 2025, involves several financial institutions as bookrunners and managers. The net proceeds from the offering are approximately CHF 498.6 million, which will be used for general corporate purposes.
These notes have been admitted to the official list of the SIX Swiss Exchange and will trade on its Swiss Franc foreign market. The issuance falls under Linde’s European debt issuance program, which allows for up to €20 billion in unsecured notes. This program, updated on May 8, 2025, is valid for one year and requires updates upon any significant events or new financial information.
Linde GmbH and Linde Inc., subsidiaries of Linde PLC, guarantee the notes. The transaction also involves an amended and restated dealer agreement with Citigroup (NYSE:C) Global Markets Limited and other dealers, as well as fiscal and Swiss agency agreements with Citibank, N.A., London Branch, and UBS AG, respectively.
The notes are issued under Regulation S of the U.S. Securities Act of 1933, meaning they are not registered and cannot be sold in the U.S. without registration or an exemption. This information is based on a press release statement.
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