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WSP Announces Private Offering of $1 Billion Aggregate Principal Amount of Senior Unsecured Notes
MONTREAL, Jan. 20, 2026 (GLOBE NEWSWIRE) -- WSP Global Inc. (TSX: WSP) (“WSP” or th...
About this update from Wsp Global Inc
[{"type":"text","content":"WSP Announces Private Offering of $1 Billion Aggregate Principal Amount of Senior Unsecured Notes\nMONTREAL, Jan. 20, 2026 (GLOBE NEWSWIRE) -- WSP Global Inc. (TSX: WSP) (“WSP” or the “Corporation”) announced today that it has priced an offering (the “Offering”) of $500 million aggregate principal amount of 4.003% senior unsecured notes due January 22, 2032 (the “2032 Notes”) and $500 million aggregate principal amount of 4.586% senior unsecured notes due January 22, 2036 (the “2036 Notes”, and together with the 2032 Notes, the “Notes”). The Notes are being offered through an agency syndicate consisting of CIBC Capital Markets, RBC Capital Markets and TD Securities, as joint bookrunners and co-lead private placement agents, and including BMO Nesbitt Burns Inc., National Bank Financial Inc., BNP Paribas (Canada) Securities Inc., Desjardins Securities Inc., J.P. Morgan Securities Canada Inc., Scotia Capital Inc., BofA Securities and Wells Fargo Securities Canada, Ltd., as co-managers. The offering is expected to close on or about January 22, 2026, subject to customary closing conditions. The Notes will be issued for aggregate gross proceeds of $1 billion. The 2032 Notes will bear interest at a fixed rate of 4.003% per annum, and the 2036 Notes will bear interest at a fixed rate of 4.586% per annum, in each case payable semi-annually until maturity on the 22nd day of January and July of each year, beginning on July 22, 2026. The Corporation intends to use the net proceeds from the Offering (i) to fund in part the purchase price in respect of the pending acquisition of TRC Companies by the Corporation (the “Acquisition”), and accordingly reduce amounts to be advanced at the closing of the Acquisition under a third incremental facility supplement to the Corporation’s credit agreement, and for other general corporate purposes, or (ii) in the event that the Acquisition does not close for any reason, for the repayment of existing indebtedness of the Corporation (including the redemption of the 2036 Notes) and for other general corporate purposes. The Acquisition is expected to be completed in the first quarter of 2026, subject to customary closing conditions including receipt of regulatory approvals. The Corporation will be required ...