UL Solutions Inc. (ULS): debt financing — UL Solutions enters $1.0B credit facility, refinances $291M of existing debt

UL Solutions Inc.

New $1.00B senior unsecured multi-currency revolver with $25M LC sublimit and $500M accordion feature.
Initial $291M drawn to repay 2022 credit facility; additional borrowings for general corporate purposes.
Matures Oct 28, 2030; interest at SOFR + 0.875%-1.375% or base rate + 0.000%-0.375%.
Financial covenant requires consolidated net leverage ≤ 3.5:1 (4.0:1 after large acquisitions), netting up to $250M cash.
Dividend payments subject to compliance with the financial covenant per the new agreement.

item 1.01 item 1.02 item 2.03 item 3.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

UL Solutions Inc. incurred revolving credit of $291 million with Bank of America, N.A., as administrative agent at Term SOFR or Daily SOFR plus a margin that ranges from 0.875% to 1.375% per annu maturing October 28, 2030.

Instrument: revolving credit
Principal: $291 million
Counterparty: Bank of America, N.A., as administrative agent
Rate: Term SOFR or Daily SOFR plus a margin that ranges from 0.875% to 1.375% per annu
Maturity: October 28, 2030
Event: incurrence

Exact text from the filing

to such increase. The Borrowers’ obligations (other than the Company’s) under the Credit Agreement are guaranteed by the Company. On October 28, 2025, the Company borrowed $291 million under the 2025 Credit Facility. The initial borrowing was used to refinance the outstanding amounts under that certain Credit Agreement, dated as of January 11, 2022, by and

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UL Solutions Inc. filing history →

Source: SEC EDGAR

accession 0001628280-25-046843

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