The Linde Group has signed a €1.6bn forward start revolving credit facility, further strengthening its liquidity profile until 2013.
The group announced it has signed a two-year euro-denominated forward start revolving credit facility in an amount of €1.6bn, available from 2011 onwards.
The facility will be available at the time Linde’s existing €2bn currently undrawn revolving credit facility expires, on 3 March 2011. It will be the company’s primary liquidity source from banks and is available for general corporate purposes.
The club-deal style transaction has received a good reception; more than 20 of Linde’s core national and international relationship banks are participating in the facility.
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