EUR 1 billion syndicated credit facility renewal

November 16, 2011

Air Liquide signed on 15th November 2011 with 17 core banks a new €1 billion multi-currency revolving credit facility. The facility will be used for general corporate purposes and will substitute to Air Liquide’s existing €1.2 billion multi-currency revolving credit facility dated 20th July 2004 maturing in July 2012. This syndicated credit facility is one of the Group’s liquidity sources from the banks.

The facility is structured with a five-year tenor, and incorporates two 1-year extension options at each lender’s option. Air Liquide long-term rating from Standard & Poor’s is “A” (stable).

BNP Paribas, Citigroup, Crédit Agricole CIB, HSBC, Natixis, Société Générale Corporate and Investment Banking, Bank of Tokyo-Mitsubishi UFJ and Sumitomo-Mitsui Banking Corporation are the Bookrunners. Citigroup acted as coordinator on behalf of Air Liquide. HSBC was appointed Agent under the facility.

The success of this syndication demonstrates the high level of confidence of the banks in Air Liquide’s credit quality and the great support the Group benefits from the its main financial partners.

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