On March 28, 2024, Air Products and Chemicals, Inc. entered into a five-year dollar equivalent $3.0 billion revolving credit agreement with a syndicate of banks (the ?Five-Year Credit Agreement?) and a 364-day dollar equivalent $500 million revolving credit agreement with a syndicate of banks (the ?364-Day Credit Agreement? and, together with the Five-Year Credit Agreement, the ?Credit Agreements?). Senior unsecured debt is available to both the Company and certain of its subsidiaries under the Credit Agreements.

The Credit Agreements will provide a source of liquidity for the Company and support its commercial paper program. The Five-Year Credit Agreement replaces the Company?s existing $2.75 billion revolving credit agreement dated March 31, 2021, as subsequently amended (the ?Prior Agreement?), which was terminated upon execution of the Five-Year Credit Agreement. No borrowings were outstanding under the Prior Agreement at the time of its termination and no early termination penalties were incurred.