WSP Global Announces Private Offering of $500 Million Senior Unsecured Notes

MONTREAL, April 15, 2021 (GLOBE NEWSWIRE) -- WSP Global Inc. (TSX: WSP) (“WSP” or the “Corporation”) announced today that it has priced an offering of $500 million aggregate principal amount of 2.408% senior unsecured notes due April 19, 2028 (the “Notes”).

The Notes are being offered through an agency syndicate consisting of CIBC Capital Markets and RBC Capital Markets as joint bookrunners and co-lead private placement agents, and including BMO Nesbitt Burns Inc., National Bank Financial Inc., TD Securities Inc., HSBC Securities (Canada) Inc., Scotia Capital Inc., BNP Paribas (Canada) Securities Inc., Desjardins Securities Inc. and J.P. Morgan Securities Canada Inc., as co-managers. The offering is expected to close on or about April 19, 2021, subject to customary closing conditions.

The Notes will be issued at par for aggregate gross proceeds of $500 million and will bear interest at a fixed rate of 2.408% per annum, payable semiannually until maturity on the 19th day of April and October in each year beginning on October 19, 2021. The Corporation intends to use the net proceeds of the offering to repay the existing indebtedness and for other general corporate purposes.

The Notes will be direct, senior unsecured obligations of WSP, will rank pari passu with all other unsecured and unsubordinated indebtedness of WSP, and will be issued pursuant to a Trust Indenture, as supplemented by a first supplemental indenture, each to be dated April 19, 2021. The Notes have been assigned a provisional rating of BBB (high), with a stable trend, by DBRS Limited, and are being offered in Canada on a private placement basis in reliance upon exemptions from the prospectus requirements under applicable securities legislation. See “Forward-Looking Statements”.

The Notes have not been and will not be qualified for sale to the public under applicable securities laws in Canada and, accordingly, any offer and sale of the Notes in Canada will be made on a basis which is exempt from the prospectus requirements of such securities laws. The Notes have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or the securities laws of any other jurisdiction, and may not be offered or sold in the United States absent registration under, or an applicable exemption from the registration requirements of, the U.S. Securities Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any offer to sell or a solicitation of an offer to buy the Notes in any jurisdiction where it is unlawful to do so.

As one of the world's leading professional services firms, WSP provides engineering and design services to clients in the Transportation & Infrastructure, Property & Buildings, Environment, Power & Energy, Resources and Industry sectors, as well as offering strategic advisory services. WSP's global experts include engineers, advisors, technicians, scientists, architects, planners, environmental specialists and surveyors, in addition to other design, program and construction management professionals. Our talented people are well positioned to deliver successful and sustainable projects, wherever clients need us. For more information about WSP, please visit

Certain statements in this press release about the timing and completion of the proposed offering of Notes, the expected use of the net proceeds of the offering and any other future events or developments constitute forward-looking statements.
Forward-looking statements are based on information currently available to us and on estimates and assumptions made by us in light of our experience and perception of current conditions and expected future developments, as well as other factors that we believe are appropriate and reasonable in the circumstances, but there can be no assurance that such estimates and assumptions will prove to be correct. Many factors could cause future events or developments to differ materially from those expressed or implied by the forward-looking statements, including, without limitation, the factors discussed in section 20, "Risk Factors", of the Corporation’s management’s discussion and analysis (MD&A) for the fiscal year ended December 31, 2020 and in the Corporation’s other continuous disclosure filings (available on SEDAR at
These factors are not intended to represent a complete list of the factors that could affect us; however, they should be considered carefully. The purpose of the forward-looking statements is to provide the reader with a description of management’s expectations regarding the proposed offering of Notes and other future events, and may not be appropriate for other purposes; readers should not place undue reliance on forward-looking statements made herein. The closing of the proposed offering of Notes is subject to general market and other conditions and there can be no assurance that the proposed offering of Notes will be completed or that the terms of the proposed offering of Notes will not be modified. Furthermore, unless otherwise stated, the forward-looking statements contained in this press release are made as at the date hereof, and we have no intention and undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.



Alain Michaud
Chief Financial Officer
WSP Global Inc.
[email protected] 
Phone: 438-843-7317