Deal Details

UL Solutions Completes $980 Million Follow-On Offering

Technology & Services

UL Solutions follow-on offering

Summary

UL Solutions Inc. (“UL Solutions” or the “Company”) (NYSE: ULS) recently completed an offering of 20,000,000 shares of its Class A common stock at a public offering price of $49.00 per share, generating gross proceeds of $980 million. The offering consists entirely of secondary shares sold by UL Standards & Engagement (the “Selling Stockholder”). The underwriters have been granted a 30-day option to purchase up to an additional 3,000,000 shares of 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 this offering.

About

UL Solutions is a global safety science leader that provides independent testing, inspection and certification (“TIC”) services and related software and advisory (“S&A”) offerings to customers worldwide. The Company is the largest TIC services provider headquartered in North America by revenue providing a comprehensive set of product safety, security and sustainability solutions to more than 80,000 customers across over 110 countries. UL Solutions offers over 450 independent third-party conformity assessment services around the world and are capable of testing and certifying against over 4,000 global standards. The Company’s segments span across four major categories including Certification Testing, Ongoing Certification Services, Non-certification Testing and Other Services and Software. UL Solutions is headquartered in Northbrook, Illinois.

Technology & Services

UL Solutions follow-on offering