The Linde Group has signed a five year syndicated revolving credit facility to the amount of €2.5 bn.

The new facility will replace 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 the start of 2010.

Georg Denoke , CFO and a member of the Executive Board of Linde AG, commented, “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.”

The market received the transaction well, with 25 of the company’s core national and international banks participating. The positive response enabled Linde to increase the facility amount. However Linde notes that participating banks’ commitments were considerably scaled back.