The Linde Group signs EUR 2.5 bn Syndicated Revolving Credit Facility, further strengthening its liquidity profile until 2015
(Thomson Reuters ONE) -
Linde AG / The Linde Group signs EUR 2.5 bn Syndicated Revolving Credit Facility, further strengthening its liquidity profile until 2015 processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.
Munich, 11 May 2010 - The Linde Group announced today that it has signed a
five-year syndicated revolving credit facility in an amount of EUR 2.5 bn. The
new facility replaces the existing syndicated BOC acquisition facility dated
2006 as well as the forward start credit facility signed last year. The new
credit line will be the company's primary liquidity source from banks and
benefits from substantially improved market conditions for syndicated loans
since beginning of this year.
"This new syndicated credit facility contains much better terms supported by the
recent rating upgrades of Standard & Poor´s and Moody´s. The further
strengthened financing security of The Linde Group until 2015 is an essential
instrument for sustainable entrepreneurial management, which is even more
important in a volatile market environment. We highly appreciate the continuing
strong support from our banking group", stated Georg Denoke, member of the
Executive Board and CFO of Linde AG.
The transaction received a very good reception in the market, 25 of Linde's core
national and international relationship banks are participating in the facility.
The very good support for this deal enabled Linde to increase the facility
amount. Despite this increase in facility size, participant banks' commitments
were considerably scaled back.
Linde's long-term corporate credit rating with Standard & Poor's is A- (stable
outlook). The senior unsecured debt rating with Moody's is A3 (stable outlook).
The Linde Group is a world leading gases and engineering company with almost
48,000 employees working in more than 100 countries worldwide. In the 2009
financial year it achieved sales of EUR 11.2 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:
Press Investor Relations
Uwe Wolfinger Thomas Eisenlohr
Telephone: +49.89.35757-1320 Telephone: +49.89.35757-1330
[HUG#1414545]
--- End of Message ---
Linde AG
Klosterhofstrasse 1 Munich Germany
WKN: 648300;ISIN: DE0006483001;Index:DAX,Prime All Share,CDAX,HDAX;
Listed: Freiverkehr in Niedersächsische Börse zu Hannover,
Prime Standard in Frankfurter Wertpapierbörse,
Regulierter Markt in Frankfurter Wertpapierbörse,
Regulierter Markt in Börse Stuttgart,
Regulierter Markt in Bayerische Börse München,
Regulierter Markt in Börse Berlin,
Regulierter Markt in Hanseatische Wertpapierbörse zu Hamburg,
Regulierter Markt in Börse Düsseldorf;
Press release as PDF: http://hugin.info/125064/R/1414545/365894.pdf
Unternehmensinformation / Kurzprofil:
Datum: 11.05.2010 - 08:31 Uhr
Sprache: Deutsch
News-ID 20646
Anzahl Zeichen: 0
contact information:
Town:
Munich
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 189 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"The Linde Group signs EUR 2.5 bn Syndicated Revolving Credit Facility, further strengthening its liquidity profile until 2015"
steht unter der journalistisch-redaktionellen Verantwortung von
Linde AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
