Business Context and Reporting Period
This Form 8-K Current Report is filed by Linde plc for the reporting period of December 3, 2025. The filing discloses the entry into a material definitive agreement regarding corporate financing.
Key Financial Metrics and Debt
- Debt Facility: Entered into an unsecured 364-day revolving credit agreement.
- Total Commitments: $1,500,000,000 (USD).
- Swingline Loans: Up to $50,000,000 (USD) and up to €25,000,000 (EUR).
- Outstanding Usage: $0 as of the date of the report.
- Currency Options: Loans available in U.S. Dollars, Pounds Sterling, Euros, and other agreed currencies.
- Interest Basis: SOFR, EURIBOR, SONIA, or base rate plus a ratings-based margin.
- Covenants: The agreement does not contain a financial maintenance covenant.
Material Changes
The primary material change is the establishment of a new $1.5 billion liquidity facility to support general corporate purposes. This replaces or supplements existing short-term liquidity arrangements. No revenue, profit, or cash flow figures are reported in this filing as it is a transactional disclosure rather than a periodic financial report.
Outlook, Risks, and Management Commentary
- Purpose: The facility is designated for general corporate purposes.
- Flexibility: Borrowers may convert revolving loans into non-revolving term loans due one year after the commitment termination date.
- Guarantees: Linde plc fully and unconditionally guarantees subsidiary obligations; Linde Inc. and Linde GmbH provide conditional guarantees for the Company.
- Risks: Standard risks associated with credit agreements, including customary events of default and negative covenants, apply.
Investor Verification Checklist
- Verify the full terms of the Credit Agreement in Exhibit 10.1 attached to this filing.
- Confirm the current credit ratings of Linde plc to determine the applicable interest margin under the pricing grid.
- Monitor future usage of the $1.5 billion facility to assess liquidity needs.
- Review the specific negative covenants to understand restrictions on future financial activities.