AI English summary of an SEC filing — figures as filed
Linde LINOn December 3, 2025, Linde entered into an unsecured 364-day revolving credit agreement with a syndicate of banking institutions, with Bank of America, N.A. as administrative agent, for total commitments of $1,500,000,000.
Key points
AI summaryOn December 3, 2025, Linde entered into an unsecured 364-day revolving credit agreement with a syndicate of banking institutions, with Bank of America, N.A. as administrative agent, for total commitments of $1,500,000,000.
The company said the initial borrowers are Linde plc, Linde Inc., Linde GmbH and Linde Finance B.V. It said the company fully and unconditionally guarantees all obligations of the subsidiary borrowers, and additional subsidiaries may become borrowers or guarantors subject to satisfaction of customary conditions.
The company said the credit agreement is available for general corporate purposes and revolving loans may be borrowed in U.S. Dollars, Pounds Sterling, Euros and other agreed currencies. It said swingline commitments are $50,000,000 and €25,000,000, and the company has the option to convert the entire principal balance into non-revolving term loans due 1 years after the commitment termination date.
The company said revolving loans and swingline loans will bear interest based on SOFR, EURIBOR, SONIA or the base rate, as applicable, plus an interest margin subject to a ratings-based pricing grid, and the credit agreement does not contain a financial maintenance covenant. As of the date of the report, there was no usage outstanding under the credit agreement.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
$1,500,000,000 Unsecured 364-day Revolving Credit Agreement
On December 3, 2025, Linde entered into an unsecured 364-day revolving credit agreement with a syndicate of banking institutions, with Bank of America, N.A. as administrative agent, for total commitments of $1,500,000,000.
Source · Based on the filing body and exhibits
Borrowers and Guarantee Structure
The company said the initial borrowers are Linde plc, Linde Inc., Linde GmbH and Linde Finance B.V. It said the company fully and unconditionally guarantees all obligations of the subsidiary borrowers, and additional subsidiaries may become borrowers or guarantors subject to satisfaction of customary conditions.
Source · Based on the filing body and exhibits
Uses, Currencies, Swingline and Term Conversion Option
The company said the credit agreement is available for general corporate purposes and revolving loans may be borrowed in U.S. Dollars, Pounds Sterling, Euros and other agreed currencies. It said swingline commitments are $50,000,000 and €25,000,000, and the company has the option to convert the entire principal balance into non-revolving term loans due 1 years after the commitment termination date.
Source · Based on the filing body and exhibits
Interest Rate Basis, Commitment Terms and Current Usage
The company said revolving loans and swingline loans will bear interest based on SOFR, EURIBOR, SONIA or the base rate, as applicable, plus an interest margin subject to a ratings-based pricing grid, and the credit agreement does not contain a financial maintenance covenant. As of the date of the report, there was no usage outstanding under the credit agreement.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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