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.

The good support for the Linde arranged deal allowed a substantial increase of the facility amount to €1.6bn - the transaction still closed oversubscribed.

$quot;This forward start facility further strengthens the financing flexibility of The Linde Group until 2013 and we highly appreciate the strong support from our banking group,$quot; said CFO Georg Denoke.

Linde's long-term corporate credit rating with Standard & Poor's is BBB+ (positive outlook). The senior unsecured debt rating with Moody's is Baa1.