Germany’s Linde secures €1.6bn two-year revolving credit

01 July 2009 08:57  [Source: ICIS news]

SINGAPORE (ICIS news)--German gas and engineering group Linde said on Wednesday it has signed a €1.6bn ($2.25bn) revolving credit facility with more than 20 banks which would be available from 2011.

The facility would be activated on 3 March 2011 for general corporate purposes when Linde’s existing €2bn credit program expires.

"This forward start facility further strengthens the financing flexibility of the Linde group until 2013," said CFO Georg Denoke.

The group has a long-term corporate credit rating of “BBB+” with a positive outlook from Standard & Poor's and a “Baa1” rating from Moody’s Investor Service.

($1 = €0.71)

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