English Français Investors Credit investor Financing tools Financing tools Access to different debt markets EMTN SHORT TERM PROGRAMS SYNDICATED CREDIT FACILITY BILATERAL CREDIT FACILITIES PRUDENT LIQUIDITY MANAGEMENT Air Liquide diversifies its financing sources by accessing various debt markets. In the long run, the Group funds itself with bond issues, usually though its Euro Medium-Term Notes programme (EMTN), targeting European, American, as well as Chinese markets. Over the short term, Air Liquide has recourse to Negotiable European Commercial Paper (formerly Billet de Tresorerie) and US Commercial Paper. The Group has also access to a Syndicated Credit Facility and several bilateral credit facilities with the Group’s core banking partners for general corporate purposes. EMTN: European Medium Term Notes Download the first supplement to the prospectus, dated September 10, 2021 Download the latest Debt Issuance programme prospectus dated May 10, 2021 Download all documents incorporated by reference to the Debt Issuance programme prospectus Download the Guarantee of L'Air Liquide S.A. dated May 12, 2016 Archives Short term programs Download the Negotiable European Commercial Paper (NEU CP) Programme of L'Air Liquide S.A. Download the Negotiable European Commercial Paper (NEU CP) Programme of Air Liquide Finance US Commercial Paper Programme Syndicated credit facility Air Liquide’s policy requires that confirmed credit lines back all commercial paper issues. For this reason, the Group holds a 2.5 billion euros syndicated credit facility, with a residual maturity of four years and a one-year option to extend, negotiated with its core banking partners in December 2020. Bilateral credit facilities Air Liquide has also contracted bilateral credit facilities with its core banking partners. As of December 31 2020, the total amount of undrawn committed credit lines reached 3.6 billion euros including the Syndicated Credit Facility. Prudent liquidity management As of December 31, 2020 CREDIT INVESTOR Credit investor presentation A diverse and well-balanced funding strategy Sustainable finance A world leader in gases, technologies and services for Industry and Health, Air Liquide is present in 78 countries with approximately 64,500 employees and serves more than 3.8 million customers and patients. Oxygen, nitrogen and hydrogen are essential small molecules for life, matter and energy. They embody Air Liquide’s scientific territory and have been at the core of the company’s activities since its creation in 1902. AIR LIQUIDE WORLDWIDE Please select Angola Antilles Argentina Australia Austria Bahrain Belgium Benin Botswana Brazil Brunei Bulgaria Burkina Faso Cameroon Canada Chile Colombia Congo Denmark Dominican Republic Egypt Eswatini Finland France French Guiana Gabon Germany Ghana India Indonesia Ireland Italy Ivory Coast Japan Kazakhstan Korea Kuwait Luxembourg Madagascar Mainland China Malaysia Mali Mexico Morocco Mozambique Namibia Netherlands New Zealand Nigeria Norway Oman Paraguay Philippines Poland Portugal Qatar Romania Russia Saudi Arabia Senegal Singapore South Africa Spain Sweden Switzerland Taïwan Thailand Togo Trinidad and Tobago Tunisia Turkey Ukraine United Arab Emirates United Kingdom United States of America Uruguay Vietnam Gas encyclopedia Safety data sheets (SDS) Air Liquide Foundation Contact us CONNECT WITH US © Air Liquide 2021 Legal noticeCookie policyCreditsAccessibilitySitemap Manage cookies