WSP announces private offering of US$1.5 billion aggregate principal amount of senior unsecured notes

Executive Summary

• WSP Global Inc. priced a private offering of US$650 million of 5.039% senior unsecured notes due 2031 and US$850 million of 5.714% senior unsecured notes due 2036, for total aggregate principal amount of US$1.5 billion.
• Net proceeds will be used to repay a portion of credit‑facility advances drawn for the acquisition of TRC Companies (closed Feb. 24, 2026) and for general corporate purposes.
• The offering is expected to close on or about March 18, 2026, subject to customary closing conditions.

Key Details

• Notes Issued:
• US$650 million aggregate principal amount of 5.039% senior unsecured notes due September 18, 2031 (“2031 Notes”).
• US$850 million aggregate principal amount of 5.714% senior unsecured notes due September 18, 2036 (together with the 2031 Notes, the “Notes”).
• Use of Proceeds:
• Repayment of a portion of advances and drawdowns under certain credit facilities incurred to fund the purchase price for the acquisition of TRC Companies.
• General corporate purposes.
• Closing Date: Expected on or about March 18, 2026, subject to customary closing conditions.
• Offering Structure: Private placement exempt from registration; notes offered to qualified institutional buyers under Rule 144A (U.S.) or Regulation S (outside U.S.).
• Security Features: Direct senior unsecured obligations of WSP, ranking pari passu with existing and future senior unsecured indebtedness; issued pursuant to a trust indenture and first supplemental indenture dated March 18, 2026.

Notable Quotes

(No executive quotes were included in the release.)