WSP Global Inc. announced that it has priced an offering (the ?Offering?) of $500 million aggregate principal amount of 5.548% senior unsecured notes due November 22, 2030 (the ?Notes?). The Notes are being offered through an agency syndicate consisting of CIBC Capital Markets, National Bank Financial Markets and RBC Capital Markets, as joint bookrunners and co-lead private placement agents, and including BMO Nesbitt Burns Inc., Scotia Capital Inc., TD Securities Inc., BNP Paribas (Canada) Securities Inc., Desjardins Securities Inc., J.P. Morgan Securities Canada Inc., HSBC Securities (Canada) Inc., Citigroup Global Markets Canada Inc., Raymond James Ltd. and Laurentian Bank Securities Inc., as co-managers. The offering is expected to close on or about November 22, 2023, subject to customary closing conditions.

The Notes will be issued for aggregate gross proceeds of $500 million and will bear interest at a fixed rate of 5.548% per annum, payable semi annually until maturity on the 22nd day of May and November in each year beginning on May 22, 2024. The Corporation intends to use the net proceeds of the offering to repay existing indebtedness and for other general corporate purposes. The Notes will be direct, senior unsecured obligations of WSP, will rank pari passu with all of the existing and future senior unsecured indebtedness of WSP, and will be issued pursuant to the Trust Indenture dated April 19, 2021, as supplemented by a second supplemental indenture to be dated the date of closing of the Offering.

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. 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.