UL Solutions Announces Full Exercise of Underwriters’ Option to Purchase Additional Secondary Shares
23 Septembre 2024 - 10:05PM
Business Wire
UL Solutions Inc. (NYSE:ULS) (“UL Solutions”) today announced,
in connection with its previously announced secondary public
offering of 20,000,000 shares of its Class A common stock sold by
UL Standards & Engagement (the “selling stockholder”), the full
exercise by the underwriters of their option to purchase 3,000,000
additional shares of Class A common stock from the selling
stockholder at the public offering price of $49.00 per share, less
underwriting discounts and commissions. UL Solutions did not offer
any shares of its Class A common stock in the offering and did not
receive any proceeds from the sale of the additional shares. The
sale of these additional shares closed today.
Goldman Sachs & Co. LLC and J.P. Morgan (in alphabetical
order) acted as lead managing bookrunners with BofA Securities
acting as a managing bookrunner. Citigroup, UBS Investment Bank and
Jefferies acted as additional bookrunners for the offering. Baird,
Houlihan Lokey, PNC Capital Markets LLC, Raymond James, Stifel,
Wells Fargo Securities, William Blair, AmeriVet Securities,
Bancroft Capital, Cabrera Capital Markets LLC, Loop Capital Markets
and R. Seelaus & Co., LLC acted as co-managers for the
offering.
The offering was made only by means of a prospectus. Copies of
the final prospectus relating to the offering may be obtained from:
Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200
West Street, New York, NY 10282, via telephone: (866) 471-2526, via
fax: 212-902-9316, or via email: prospectus-ny@ny.email.gs.com and
J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, NY 11717 or by email at
prospectus-eq_fi@jpmchase.com and
postsalemanualrequests@broadridge.com.
A registration statement on Form S-1 relating to the offering of
these securities was declared effective by the U.S. Securities and
Exchange Commission on September 5, 2024. This press release shall
not constitute an offer to sell or the solicitation of an offer to
buy these securities, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About UL Solutions
A global leader in applied safety science, UL Solutions (NYSE:
ULS) 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 our customers’ product innovation and business growth. The
UL Mark serves as a recognized symbol of trust in our customers’
products and reflects an unwavering commitment to advancing our
safety mission. We help our customers innovate, launch new products
and services, navigate global markets and complex supply chains,
and grow sustainably and responsibly into the future. Our science
is your advantage.
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version on businesswire.com: https://www.businesswire.com/news/home/20240923219886/en/
Media: Kathy Fieweger Senior Vice President -
Communications Kathy.Fieweger@ul.com 312-852-5156
Investors: Dan Scott / Rodny Nacier, ICR Inc.
IR@ul.com
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