The Linde Group signs EUR 1.6 billion Forward Start Revolving Credit
Facility, further strengthening
The Linde Group signs EUR 1.6 billion Forward Start Revolving Credit Facility, further strengthening its liquidity profile until 2013
(Thomson Reuters ONE) - Corporate news announcement processed and transmitted by Hugin AS.The issuer is solely responsible for the content of this announcement. ------------------------------------------------------------------------------------ Munich, 1 July 2009 - The Linde Group announced today that it hassigned a two-year euro-denominated forward start revolving creditfacility in an amount of EUR 1.6 billion available from 2011 onwards.The forward start credit facility will be available at the timeLinde's existing EUR 2 billion currently undrawn revolving creditfacility expires on 3 March 2011. It will be the company's primaryliquidity source from banks and is available for general corporatepurposes.The club-deal style transaction received a very good reception. Morethan 20 of Linde's core national and international relationship banksare participating in the facility. The very good support for theLinde arranged deal allowed a substantial increase of the facilityamount to EUR 1.6 billion. The transaction still closedoversubscribed."This forward start facility further strengthens the financingflexibility of The Linde Group until 2013 and we highly appreciatethe strong support from our banking group," stated CFO Georg Denoke.Linde's long-term corporate credit rating with Standard & Poor's isBBB+ (positive outlook). The senior unsecured debt rating withMoody's is Baa1.The Linde Group is a world leading gases and engineering company withalmost 52,000 employees working in around 100 countries worldwide. Inthe 2008 financial year it achieved sales of EUR 12.7 billion. Thestrategy of The Linde Group is geared towards sustainableearnings-based growth and focuses on the expansion of itsinternational 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 businessareas, regions and locations across the globe. Linde is committed totechnologies and products that unite the goals of customer value andsustainable development.For more information, see The Linde Group online athttp://www.linde.comFor additional information:Thomas Eisenlohr Robert SchneiderTelephone: +49.89.35757-1330 Telephone: +49.89.35757-1332http://hugin.info/125064/R/1326304/312126.pdf --- End of Message ---Linde AGKlosterhofstrasse 1 Munich GermanyWKN: 648300; ISIN: DE0006483001; Index: CDAX, DAX, HDAX, Prime All Share;Listed: Prime Standard in Frankfurter Wertpapierbörse, Freiverkehr in Niedersächsische Börse zu Hannover, Regulierter Markt in Bayerische Börse München, Regulierter Markt in Börse Berlin, Regulierter Markt in Börse Düsseldorf, Regulierter Markt in Börse Stuttgart, Regulierter Markt in Frankfurter Wertpapierbörse, Regulierter Markt in Hanseatische Wertpapierbörse zu Hamburg;
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Datum: 01.07.2009 - 02:44 Uhr
Sprache: Deutsch
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Facility, further strengthening
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