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Published on 11/28/2022 in the Prospect News Investment Grade Daily.

Linde prepares offering of two notes due 2024 and 2025

Chicago, Nov. 28 – Linde Inc. is preparing to offer two dollar-denominated notes with maturities in 2024 and 2025, according to a 424B2 filing with the Securities and Exchange Commission.

The 2024 notes will have a make-whole call option at any point. The 2025 notes are callable with a make-whole premium until they are callable at par one month before the maturity date.

The joint bookrunners are BofA Securities, Inc., Citigroup Global Markets Inc. and Deutsche Bank Securities Inc.

U.S. Bank Trust Co., NA is the trustee.

Counsel for the issuer includes Cahill Gordon & Reindel LLP, Arthur Cox and Linklaters LLP. Davis Polk & Wardwell LLP is advising the underwriters.

Proceeds will be used for general corporate purposes.

The issuer is a subsidiary of Linde plc, a Munich-based chemical company formed by the merger of Linde AG and Praxair. The parent is guaranteeing the notes.


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