The investment-grade notes offering consists of two tranches

Davis Polk advised the joint book-running managers and representatives of the several underwriters on the registered offering of $300 million aggregate principal amount of 4.800% notes due 2024 and $600 million aggregate principal amount of 4.700% notes due 2025 by Linde Inc., a wholly owned subsidiary of Linde plc.

Linde is the largest industrial gas company worldwide and is a major technological innovator in the industrial gases industry. Its primary products in its industrial gases business are atmospheric gases (oxygen, nitrogen, argon and rare gases) and process gases (carbon dioxide, helium, hydrogen, electronic gases, specialty gases and acetylene). The company also designs and builds equipment that produces industrial gases and offers customers a wide range of gas production and processing services such as olefin plants, natural gas plants, air separation plants, hydrogen and synthesis gas plants and other types of plants.

The Davis Polk capital markets team included partner Byron B. Rooney, counsel Jennifer Ying Lan and associate Rachel Jang. Partner Ethan R. Goldman and associate William Liang provided tax advice. Counsel Michael Comstock provided environmental advice. All members of the Davis Polk team are based in the New York office.

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