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

Core Viewpoint - WSP Global Inc. has announced a private offering of senior unsecured notes totaling US$1.5 billion, with the proceeds intended for debt repayment and general corporate purposes [1][2]. Group 1: Offering Details - The offering includes US$650 million of 5.039% senior unsecured notes due September 18, 2031, and US$850 million of 5.714% senior unsecured notes due September 18, 2036 [1]. - The expected closing date for the offering is around March 18, 2026, subject to customary closing conditions [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to repay a portion of advances and drawdowns under certain credit facilities related to the acquisition of TRC Companies, which was completed on February 24, 2026 [2]. Group 3: Notes Characteristics - The notes will be direct, senior unsecured obligations of WSP and will rank equally with all existing and future senior unsecured indebtedness of the company [3]. - The issuance will be governed by a trust indenture, supplemented by a first supplemental indenture dated March 18, 2026 [3]. Group 4: Regulatory Compliance - The offering is being conducted under an exemption from the U.S. Securities Act, targeting qualified institutional buyers and non-U.S. persons [4].