Exhibit 5.1
Cahill Gordon & Reindel LLP
80 Pine Street
New York, New York 10005
212-701-3000
August 10, 2020
Linde plc
The Priestley Centre
10 Priestley Road
Surrey Research Park
Guildford, Surrey GU2 7XY
United Kingdom
Ladies and Gentlemen:
We have acted as special U.S. counsel to Linde plc, an Irish public limited company (the “Company”), Praxair, Inc., a Delaware corporation (the “Issuer”), and Linde GmbH, a German limited liability company (“Linde GmbH” and, together with the Company, the “Guarantors”), in connection with the registration statement on Form S-3 (No. 333-238875) (the “Registration Statement”) and the prospectus supplement dated August 3, 2020 (the “Prospectus Supplement”) relating to $700,000,000 aggregate principal amount of the Issuer’s 1.100% Notes due 2030 (the “2030 Notes”) and $300,000,000 aggregate principal amount of the Issuer’s 2.000% Notes due 2050 (together with the 2030 Notes, the “Notes”) issued on the date hereof. The Notes were guaranteed by the Company (the “Downstream Guarantee”), and the Company’s guarantee of the Notes were guaranteed by Linde GmbH (the “Upstream Guarantee” and, together with the Downstream Guarantee, the “Guarantees”). The Notes and the Guarantees are referred to herein as the “Securities.” The Issuer and the Guarantors are referred to herein as the “Obligors.”
The Notes were issued under an Indenture, dated as of August 10, 2020 (the “Indenture”), among the Issuer, the Company, as guarantor and U.S. Bank National Association, as Trustee (the “Trustee”). The Notes were evidenced by global securities (the “Global Notes”), and the Guarantees were evidenced by endorsements of guarantees on the Global Notes (the “Guarantee Endorsements”).
In rendering the opinions set forth herein, we have examined originals, photocopies or conformed copies certified to our satisfaction of corporate records, agreements, instruments and documents of the Obligors, certificates of public officials and other certificates and opinions provided to us by the Obligors. In such examination, we have assumed the genuineness of all signatures, the authenticity of all documents submitted to us as originals and the conformity to originals of all documents submitted to us as photocopies or conformed copies. We have also assumed that (i) the Indenture has been duly authorized, executed and delivered by the Trustee and the Company and (ii) the Guarantee Endorsements have been duly authorized, executed and delivered by the Guarantors.
Based on the foregoing, we advise you that in our opinion:
1. The Global Notes have been duly authorized, executed and delivered by the Issuer, and the Notes are valid and legally binding obligations of the Issuer, entitled to the benefits of the Indenture and enforceable against the Issuer in accordance with their terms, except that (i) the