WSP Global prices $1.5 billion private debt offering

WSP Global Inc. (TSX: WSP) announced it has priced a private offering of $1.5 billion in senior unsecured notes, consisting of $650 million in 5.039% notes due September 2031 and $850 million in 5.714% notes due September 2036.

The Montreal-based professional services firm plans to use the net proceeds to repay credit facility advances used to finance its acquisition of TRC Companies, which closed February 24, 2026, and for general corporate purposes.

The offering is expected to close around March 18, 2026, subject to customary closing conditions. The notes will rank equally with WSP's existing senior unsecured debt and will be issued under a trust indenture dated March 18, 2026.

WSP is offering the notes under an exemption from the Securities Act of 1933. Initial purchasers will offer the securities only to qualified institutional buyers under Rule 144A or to non-U.S. persons outside the United States under Regulation S. The notes have not been registered under U.S. securities laws.

The notes will not be qualified for sale to the public under Canadian securities laws, with any Canadian sales made on an exempt basis from prospectus requirements.

WSP operates in over 50 countries and employs approximately 83,000 professionals in engineering, advisory and science-based services across transportation, infrastructure, environment, building, energy, water, and mining sectors.

You May Also Be Interested In

• Apple Raises Mac and iPad Prices to Counter Memory Shortages
• Fort Technology signs non-binding LOI to acquire stake in Logia USA
• Greenland Mines holds technical workshop for Skaergaard project