Company: LIN
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001628280-25-007990
Chunk: 35

Company: LINDE PLC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 35
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% notes due in 2034 and €700 million of 3.750% notes due in 2044.(g)In December 2024, Linde repaid $300 million of 4.800% notes that became due.Credit FacilitiesOn December 7, 2022, the company and certain of its subsidiaries entered into an amended and restated unsecured revolving credit agreement (the “Five Year Credit Agreement”) with a syndicate of banking institutions. The Five Year Credit Agreement provides for total commitments of $5.0 billion, which may be increased up to $6.5 billion, subject to receipt of additional commitments and satisfaction of customary conditions. There are no financial maintenance covenants contained within the Credit Agreement. The revolving credit facility expires on December 7, 2027 with the option to request two one-year extensions of the expiration date. In addition, on December 4, 2024, the company and certain of its subsidiaries entered into an unsecured 364-day revolving credit agreement (the “364-Day Credit Agreement” and, together with the Five Year Credit Agreement, the “Credit Agreements”) with a syndicate of banking institutions. The 364-Day Credit Agreement provides for total commitments of $1.5 billion. There are no financial maintenance covenants contained within the Credit Agreement. The 364-Day Credit Agreement expires on December 3, 2025 with the option to elect to have the entire principal balances outstanding under the Credit Agreement converted into non-revolving term loans, which will be due and payable one year after the commitment termination date. No borrowings were outstanding under the Credit Agreements as of December 31, 2024.Other Debt InformationThe weighted-average interest rates of short-term borrowings outstanding were  3.8% and  4.8% as of  December 31, 2024 and 2023, respectively.   Expected maturities of long-term debt are as follows:(Millions of dollars) 2025$2,057 20261,670 20271,391 20281,547 2029785 Thereafter9,950 $17,400 As of December 31, 2024, the amount of Linde's assets pledged as collateral was immaterial.See Note 13 for the fair value information related to debt.

NOTE 12. FINANCIAL INSTRUMENTS

In its normal operations