Deal Details

UL Solutions Completes $975 Million Follow-On Offering

Industrial

UL Solutions follow-on offering

Summary

UL Solutions Inc. (“UL Solutions” or the “Company”) (NYSE: ULS) recently completed the pricing of an underwritten public offering of 12,500,000 shares of its Class A common stock at a public offer price of $78.00, generating gross proceeds of $975 million (“the Offering”). The Offering consisted entirely of secondary shares sold by UL Standards & Engagement (the “Selling Stockholder”). The underwriters have granted a 30-day option to purchase up to an additional 1,875,000 shares of its Class A common stock from the Selling Stockholder. UL Solutions will not receive any proceeds from the Offering.

Baird served as a co-manager on the Offering.

About

UL Solutions transforms safety, security and sustainability challenges into opportunities for customers in more than 110 countries. UL Solutions delivers testing, inspection and certification services, together with software products and advisory offerings, that support customers’ product innovation and business growth. The UL Mark serves as a recognized symbol of trust in customers’ products and reflects an unwavering commitment to advancing UL Solutions’ safety mission. The Company helps customers innovate, launch new products and services, navigate global markets and complex supply chains and grow sustainably and responsibly into the future. UL Solutions is headquartered in Northbrook, Illinois.

Industrial

UL Solutions follow-on offering